Target is coming to Hawaii and bringing hundreds of jobs. Every job helps Hawaii real estate!

The Honolulu Advertiser reported today that "Target plans to open a 135,000-square-foot store at the former Costco site in the Bougainville Industrial Park and a larger store in Kapolei in March 2009. The Minneapolis-based company will employ between 200 and 300 people per store."

Ok so most of the jobs will be lower level jobs that pay very little, but there are also management jobs, corporate jobs that will bring new people into the state, and other related work with the construction, advertising, and logistics of bringing 2 new Targets to Oahu.

My wife cannot wait. I think she will camp out.

The point is, with 500 new jobs, there are certainly going to be some people moving into the state to do some of the upper level management. Even 10 new buyers in our market is a good thing, on an island where only a few hundred properties need to sell each month.

As Oahu continues to grow, it continues to be the place to own real estate in America. With our limited supply of homes and the ever growing demand, the prices of homes in Oahu can only go up!