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Link: http://www.billboardmama.com/hilo-real-estate-p-377.html
Hilo is the primary metropolis (or town) on the Big Island. It's also the second largest city in the state of Hawaii, with a population of over 40,000. Early in the 1100's, the first Polynesian settlers stayed somewhere in the Hilo area. During King Kamehameha's rule in the late 1700's, Hilo was the center of political and social activity and growth. In the 1800's, sugar became the primary economic contributor on the island - this lasted for over a century and a half. This economic activity also resulted to a diversification of the population base as laborers from China, Japan and the Philippines came. A gigantic tsunami in 1960 caused major destruction to the coastal portion of Hilo which in turn led to a renaissance in construction. At present, however, the metropolis has the largest inventory of existing single family residences for sale in all of the Big Island. From plantation home to rustic cottage to newly-renovated condo, the Hilo Real Estate market is both diverse as well as plentiful and is presently selling at reasonably low rates.
Hilo is the commercial and shipping center for the Big Island. Orchids, papayas, macadamia nuts, fish and prawns are the chief exports. Tourism also accounts for a big chunk of the city's income. Major points of interests are the volcanoes Mauna Kea and Mauna Loa which overlook the metropolis. The University of Hawaii at Hilo is situated in the city. On the other hand, Hilo is one of the wettest cities in the world because of its location - on the eastern side of Hawaii. Because of this, the city is seen as an agricultural Mecca - it has an annual average rainfall of 129 inches.
Hilo is also the host of the annual Merrie Monarch Hula Festival, the biggest and longest-running Hula contest in the State. It is broadcast live on local television which is demonstrative of what makes Hilo so special...it has one foot clearly in the past and the other foot in the future....true to its cultural heritage while keeping an eye open for opportunities in the modern world. Hilo has both a large shipping harbor and an international airport to connect with the outside world, yet is private and tranquil making it easy to escape the hustle and bustle of modern life.
If you have plans of investing in Hilo Real Estate, do utilize the services of experts as in from the Big Island Land Company. Their staff were born and raised on the Big Island, so their knowledge of the real estate market in Hilo is unmatched. The Big Island Land Company will always be of assistance regardless if your need is a simple single family residence or an agricultural property.