12-11-2016, 02:27 PM
quote:
Originally posted by leilanidude
I am thinking that these increased fees (combined with the property taxes) are at the point where the speculators will not be able to justify the continued holding of their lots and will start selling off, resulting in lower lot prices in the near future.
If you compare Oct of this year with Nov of last year you will see average lot prices in HPP have risen about $3000 or roughly 10% in 12 months and median lot prices have risen by closer to $7000. There was a healthy number of sales in both months too.
November 2015
http://localhawaiirealestate.com/Reports...20LAND.pdf
October 2016
http://localhawaiirealestate.com/Reports...20LAND.pdf