Decline in Real Estate

[jdirgo]

As of right now, in all of Puna, there are 88 residential listings that have been on the market less than 2 weeks. It is higher than normal, but there are a couple of things that are affecting it.

One company that had offices in Hilo and Pahoa has split into two (although that did happen a month or so ago) and so at least a few of these are sellers that are relisting with the new company.

Some also appear to be houses that were on the market in the past, taken off the market for a while and now relisted (I recognized several of those).

A few are also from agents that changed companies and relisted the properties with their new company.

I'm not saying that explains all of the increase in recently listed properties. But the total number of houses on the market has not changed much.

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com