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+--- Thread: Okay, what's going on here!!!!! (/showthread.php?tid=597)
Okay, what's going on here!!!!! - .E. - 08-15-2006
Aloha:
I have been watching this house for quite some time now, and the price just keeps heading down.
By what I have read here, Hawaiian beaches is a nice subdivision. So why hasn’t this house sold yet? Is it next to a landfill? A shooting range? Pig farm? Ice house? The description is vague, and I really don’t want to contact the SELLERS agent, but I am very curious about the neighborhood. Does anyone here live around this house that can give me a little insight to what the area is like?
Thanks in advance.
Erik
http://www.hawaiiinformation.com./REsearch/IDX/mlsHawaii/IndividualListing.asp?page=1&MLS=177137
RE: Okay, what's going on here!!!!! - .E. - 08-15-2006
Hi Buzz:
I checked this house out through the Hawaii county records web site, and the sellers paid $105K in 2004, and it sold in 2002 for $60K. WOW, where was I back then?
E.
RE: Okay, what's going on here!!!!! - Andrew - 08-15-2006
$60K - Dang! Unreal. I was on island too. Unreal.
RE: Okay, what's going on here!!!!! - Andrew - 08-15-2006
Buzz:
Are you refering to long term rentals or Vacation rentals?
RE: Okay, what's going on here!!!!! - radioguy - 08-15-2006
Median home price on the Big Island in June 2006 $447,500.
Median home price 30 days later on the Big Island in July 2006 $393,000.
12.18% drop in one month...
RE: Okay, what's going on here!!!!! - jdirgo - 08-15-2006
Nope, nothing wrong with that house at all. Good neighborhood, vacant lot next door on one side. Very nice house.
When looking at the prices paid in the past, be sure to factor in the work that was done. The sellers bought that place in 2004 and spent the last 2 years completely renovating and improving it. That house needed help when they bought it. Luckily it did get help.
Carrie, chime in here -- its Rich and Ron's place and you saw it when you were here.
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
Edited by - jdirgo on 08/15/2006 17:29:15
RE: Okay, what's going on here!!!!! - jdirgo - 08-15-2006
radioguy, where did you get that figure? I just ran the statistics from the MLS for July of 2006 and the median price for the entire island (which I don't think it actually at all useful statistically, but that's another discussion) was $431,000. I'll email it to you separately so you can see it.
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
RE: Okay, what's going on here!!!!! - wyatt - 08-15-2006
This is a nice place. They had it sold before. Fell out of escrow.
Wyatt
RE: Okay, what's going on here!!!!! - Carolann R - 08-15-2006
I am shocked that house did not sell for more...we looked at Rich & Ron's house when we were there in late June...it's really nice...the floors, bathrooms bedrooms even the colors they have on the walls so pretty. The kitchen has amazing tilework too.
They have a beautiful lava flow in the backyard that they have turned into a botanical garden of sorts...there was much care taken in remodel done to this home. We wanted more of a backyard and that's the only thing that kept us looking, but whoever gets that home for that price is getting a really nice deal I think.
Carrie
"The opportunities to reach into the lives of others in an inspiring way arise in countless ways every single day..." Dr. Wayne W. Dyer
http://www.hellophoenix.com/art
RE: Okay, what's going on here!!!!! - lluberesm - 08-16-2006
I believe I saw that house a few weeks ago with JDirgo. I think we drove by, not sure. But it is a very nice place.
Lenny