01-11-2007, 02:08 PM
While I hate to say it, seems like saying this makes my properties value go down, but it is time to admit it, they are and have been going down all year.
I have been receiving e-mails daily of every house listed $200k and lower, on all islands, not that there are too many anywhere besides the big island under $200k, for well over a year. And the list is getting larger and larger every week. Not just larger what you can buy today is becoming comparable to what was available the last half of 2004.
If the trend continues, we will be seeing 2003 prices again, no question about it.
Plus I check vacant land regularly and while not all have fallen there's quite a few where the asking price is half of 2005 prices and some much less.
I only hope the real estate tax people follow the trend and lower my taxes to reflect what people are asking for properties near mine.
Maybe it is a good time to buy? I know I've seen a few that are very temping. One just the other day for 1/3 of 2005's high.
Edited by - Jeffhale on 01/11/2007 18:12:30
I have been receiving e-mails daily of every house listed $200k and lower, on all islands, not that there are too many anywhere besides the big island under $200k, for well over a year. And the list is getting larger and larger every week. Not just larger what you can buy today is becoming comparable to what was available the last half of 2004.
If the trend continues, we will be seeing 2003 prices again, no question about it.
Plus I check vacant land regularly and while not all have fallen there's quite a few where the asking price is half of 2005 prices and some much less.
I only hope the real estate tax people follow the trend and lower my taxes to reflect what people are asking for properties near mine.
Maybe it is a good time to buy? I know I've seen a few that are very temping. One just the other day for 1/3 of 2005's high.
Edited by - Jeffhale on 01/11/2007 18:12:30