Home sales are down huge on the neighbor islands compared to last year, the number of sales has dropped more than 50% across the board. Condo prices on the Big Island were down 20% from a year ago! The Realtors there must be really hurting. The number of Maui single family homes sold dropped 50%! What is happening over there?

Well people who move to Hawaii are doing so for jobs or military. People who buy on the neighbor islands are mainland vacation home buyers, people with a lot of extra money, and retirees. As the market on the mainland has come to a screeching halt, the neighbor islands are really feeling it, since they have no real economy of their own apart from Oahu and the mainland.