04-11-2022, 06:56 PM
Puna and South Hilo lead the state for increased home prices over the last year, up 40%:
In South Hilo, the median home sale price in March was $525,000, a jump of 40% from last year. And in Puna, where the median sales price was $370,000 in March, the increase was the same.
Why?
... new parcels that go on the market invariably get multiple offers that eventually go above the seller's asking price, and leave the market within weeks. According to MLS data, homes sold on the Big Island were only on the market for a median time of 14 days.
Gauthier said that, as has been the case for much of the pandemic, the rise of remote working is a major cause for the robust market.
What's kept East Hawaii tamped down in the past is that there aren't as many jobs over here, Gauthier said. But now that good-paying jobs are going online and people can work anywhere, people are moving here from all over
https://www.hawaiitribune-herald.com/202...hilo-puna/
I hear bulldozers.
In South Hilo, the median home sale price in March was $525,000, a jump of 40% from last year. And in Puna, where the median sales price was $370,000 in March, the increase was the same.
Why?
... new parcels that go on the market invariably get multiple offers that eventually go above the seller's asking price, and leave the market within weeks. According to MLS data, homes sold on the Big Island were only on the market for a median time of 14 days.
Gauthier said that, as has been the case for much of the pandemic, the rise of remote working is a major cause for the robust market.
What's kept East Hawaii tamped down in the past is that there aren't as many jobs over here, Gauthier said. But now that good-paying jobs are going online and people can work anywhere, people are moving here from all over
https://www.hawaiitribune-herald.com/202...hilo-puna/
I hear bulldozers.