Housing Bubble in Puna?

[jdirgo]

The market was seriously crazy until about October of 2005. Then a huge number of properties started coming on the market, including all those spec homes that started construction a year or so before. The market has stabilized and prices have settled down to more reasonable levels. I feel like there's still a number of buyers out there but they have a whole lot more to choose from now. Which is a good situation for buyers - less so good for sellers. If you'd like more precise statistics for a specific area or type of home, just let me know.

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell