Real estate sales increase in Puna

[ericlp]

The statistics show residential sales in Puna increased by 27.5 percent in the first three months of 2014 when compared with sales during the same period last year, and the number of vacant land purchases in the district rose 46.1 percent during that same time period.

The increase in activity pushed Puna home prices up 21.2 percent and prices for vacant land remained unchanged, with parcels in the district averaging $20,000 each.

The South Hilo residential housing market, by contrast, saw a 14.8 percent drop in the number of homes sold in the first quarter of 2014, while the number of vacant land sales remained mostly unchanged.

Susan E. Lee Loy, president of Hawaii Island Realtors, said overall, the market is “stabilizing.”

- See more at: http://hawaiitribune-herald.com/news/loc...sesKz.dpuf

I wonder how much "stabilizing." is going to happen with lava on it's way?

[kalakoa]

I wonder why they show a Hilo house under a headline about Puna real estate?

[DTisme]

Because the HTH isn't a real newspaper. The article isn't only about sales in Puna; it's about sales island wide. It's the headline that's off, not the photo.