12-12-2016, 10:24 AM
"Those are unimproved lots, if it has an unpermitted structure it is still listed as a house and land. If anyone bothers to spend the time looking at prices lots in HPP have actually sold for over the last 2 years, as opposed to just speculating with zero data, there is a steady increase in both asking and selling prices and a steady decrease in selling time. I didn't cherry pick months, if you look at the data over a longer time these selling prices are not an anomaly, they are part of a steady upward trend for both land and houses in HPP, all of Puna really."
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Nope, you may be referring to a steady increase in house prices in general in the Big Island, even although Hawaiian Paradise Park is still way undervalued. But lot prices? Nope. Some of the lots are even cheaper than a year ago. If a house or in most cases a shack, is not permitted or its permits are not finalized, it is land value plus whatever the buyer thinks it is worth. The improvements can be anything,shack, driveway,clearing, water tank,fruit trees! Rock walls! For all what I care. In addition structures cannot be legally listed if permits have not being finalized although some squeal by. So what I was referring to may be small improvements that represent additional value and not precisely houses, but value nonetheless that may jack up the price of a lot by 10 grand or even more. One can make data look like Marilyn Monroe, but it is still Rosie O'Donnell.
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Nope, you may be referring to a steady increase in house prices in general in the Big Island, even although Hawaiian Paradise Park is still way undervalued. But lot prices? Nope. Some of the lots are even cheaper than a year ago. If a house or in most cases a shack, is not permitted or its permits are not finalized, it is land value plus whatever the buyer thinks it is worth. The improvements can be anything,shack, driveway,clearing, water tank,fruit trees! Rock walls! For all what I care. In addition structures cannot be legally listed if permits have not being finalized although some squeal by. So what I was referring to may be small improvements that represent additional value and not precisely houses, but value nonetheless that may jack up the price of a lot by 10 grand or even more. One can make data look like Marilyn Monroe, but it is still Rosie O'Donnell.
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