02-10-2011, 02:16 PM
quote:I agree, when it is a boom era lava zone 1 and 2 will sell without problems.
Originally posted by csgray
During the boom era for house sales, Leilani Estates was very popular, even being zone 1 and right on the rift zone. When lots of property was moving fast lava zones didn't seem to make much difference to potential buyers. The truth is there just aren't many buyers of any stripe out there, but there are over 400+ houses for sale in Puna ranging in price from $21,000 to $1,400,000+. There are nowhere near 400 sets of buyers out looking at houses to buy.
Carol
However, when it is our current economic situation and not a boom era, buyers are picky and can take their time to think about all the criteria and check out insurance and loans. They can have their pick of over 100 houses not in lava zone 3 where any loan will do and anyone will insure. thus, it is a confining factor with such a huge inventory for the buyers to choose from. In a boom era anything sells. That is not what we have now. We had our choice of anywhere in puna and could take our time and be selective. It is a fantastic time to buy if you love choices and options and getting a great deal.
hawaiideborah