Real Estate in a Destination Area is Different
Real estate markets in destination areas, such as Kailua Kona, Hawaii, differ greatly from those in non-destination areas, such as Bakersfield, California. These differences can be attributed to a variety of factors including climate, job availability, crime rate, and population.
Climate is one of the most significant factors that sets destination areas apart from non-destination areas. Kailua Kona, Hawaii, is known for its sunny and warm climate, with an average temperature of around 80 degrees Fahrenheit. The area is also known for its beautiful beaches, crystal-clear waters, and lush tropical landscapes. In contrast, Bakersfield, California, has a more moderate climate, with temperatures ranging from the mid-60s to the mid-80s. The area is known for its hot summers and mild winters, but it does not have the same level of natural beauty and outdoor recreational opportunities as Kailua Kona.
Another major factor that sets destination areas apart from non-destination areas is job availability. Kailua Kona, Hawaii, is a popular tourist destination, which means that there are many jobs available in the hospitality and tourism industries. The area also has a strong agricultural industry, with coffee and macadamia nuts being two of the main crops grown. In contrast, Bakersfield, California, is known for its oil and gas production, as well as its agriculture industry, which includes the production of grapes, almonds, and pistachios. While both areas have strong industries, the types of jobs available in each area are vastly different.
Crime rate is another important factor that sets destination areas apart from non-destination areas. Kailua Kona, Hawaii, has a relatively low crime rate compared to many other areas in the United States. The area is known for its peaceful and relaxed atmosphere, which is one of the reasons why it is a popular destination for tourists and retirees. In contrast, Bakersfield, California, has a higher crime rate compared to many other areas in the state, with higher rates of property crime and violent crime.
Finally, population is another factor that sets destination areas apart from non-destination areas. Kailua Kona, Hawaii, has a relatively small population of around 12,000 people, while Bakersfield, California, has a much larger population of around 380,000 people. The smaller population in Kailua Kona means that the area has a more intimate and tight-knit community feel, while the larger population in Bakersfield means that the area is more urban and bustling.
In conclusion, real estate markets in destination areas, such as Kailua Kona, Hawaii, differ greatly from those in non-destination areas, such as Bakersfield, California. These differences can be attributed to a variety of factors including climate, job availability, crime rate, and population. While both areas have their own unique features, it is clear that destination areas offer a more desirable lifestyle for many people, with their warm climates, beautiful natural landscapes, and relaxed atmosphere.