home sales data in HPP ?

[csgray]

Actually there currently a lot of homes languishing on the market that show "pride of ownership" and are still not selling at very low prices compared to their last sales price, at least in Puna. We were house shopping during the first wave of foreclosures, and a lot of the houses needed cosmetic work, or easily taken things like pumps and water heaters replaced. Now I am seeing very together homes priced at half what the seller paid for it, and still not selling, this is depressing prices on all houses and setting a very low bar for home prices. Until the glut of unsold houses clears out, prices are only going to go down. Very, very low priced properties (like an HPP 3/2 on a fenced acre with new roof and catchment for 78,000) are moving very quickly, often within a few days of hitting the mls.

Carol