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Land Prices Get Even Cheaper

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Land Prices Get Even Cheaper
hpp4me Offline
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#1
12-10-2008, 01:17 AM



HPP Sales for November:
http://www.localhawaiirealestate.com/Haw...20LAND.pdf

No Orchidland Sales in November:
http://www.localhawaiirealestate.com/Orc...20LAND.pdf


These prices are not a problem if you aren't selling. A great opportunity for buyers.
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#2
12-10-2008, 03:08 AM
Just wait till they halve again. 8K per lot maybe.
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bystander Offline
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#3
12-10-2008, 03:40 AM
Wow lots in HPP going for under $30K now! I remember when certain people in a certain profession on this board said it could never happen. My my my how times have changed.
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hpp4me Offline
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#4
12-10-2008, 11:09 AM
Looking at asking prices on current listings, it appears that those properties closer to the ocean are holding up a little better.
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Hotzcatz Offline
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#5
12-10-2008, 05:05 PM
They will go lower, we've just started the downward slope. Considering how much the mainland economy is tanking, we could see numbers lower than they were just after sugar left.

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EightFingers Offline
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#6
12-11-2008, 04:41 AM
Still looking for the $12K and under lot. Got a little extra cash burning a hole in my pocket.
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John S. Rabi Offline
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#7
12-11-2008, 06:02 AM

That's the 2000 price, I bought mine for $10K back then and it was a good deal! Prices even in the $30Ks are three times as much as they were 8 years ago. You figure out the ROI. [Smile]

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hpp4me Offline
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#8
12-11-2008, 06:28 AM
At these prices, a person could actually buy land for commercial farming. That's not a bad thing.

We're keeping an eye on Oahu land prices. We'll come into some money soon and would not mind picking up something there. The West side is getting cheap, but the lush east side is still a bit costly.

John, when do you think we'll hit the bottom?
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#9
12-11-2008, 07:15 AM
quote:
Originally posted by hpp4me

At these prices, a person could actually buy land for commercial farming. That's not a bad thing...
Yeah... but could they afford the Fertilizer or Feed?

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John S. Rabi Offline
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#10
12-11-2008, 11:03 AM
quote:
Originally posted by hpp4me

John, when do you think we'll hit the bottom?
E-mail me privately and I will send you the monthly data for the past six months.

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
This is what I think of the Kona Board of Realtors: http://www.nsm88.org/aboutus.html

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