01-12-2007, 03:02 PM
Not sure who you are referring to Nate, but I am not disputing John’s information. Moreover, this could be a apples and oranges thing. The bottom feeders verse higher levels.
Personally, I can back up my views, especially on one street where I have a property, last year the lowest price was 69k. At this moment, there’s one for 25 and two more for 35. on the next block, away from ocean, typically a bit lower, another for 25. Last year you couldn't touch that for less than 50k. That's 1/2 hands down.
There's other properties in the lower cost areas that are showing asking prices like this too.
Last month three almost finished houses in HPP asking 139k, last year or late 2005 could not touch them for less than 200k. Shacks and small 3-500 sq ft cottages last year went to 150 and over 200k, this year popping back up 60-110+/- to 140K. This is a down trend that only takes a few hours hunt at information services to see, providing you knew or know last years asking prices.
A few of HPP vacant land properties are holding their values but there's some here and there that appear to be owners dumping out. as are in other lower cost areas. H.O.V.E showing lower asking prices, Kau too. Some selling for less than tax aprasial while last year some selling for much more than asking. Literary. I personally put in a offer for a property last year 15K higher than asking and didn’t get it. Things were selling like hot cakes!
The lowest in moon zone, that you can actually get too in Kalapana, last year was about 14k, this year plenty for 9.
Personally, I can't answer for higher cost property. Although there's north Hilo dirt (vacant land) popping up again, and Molokai, while last year these places lower than 200K were rare. Kapoho, I was not looking at last year but have been told that; last year just about every 'vacationland' empty lot was 250K, there's three way below that right this second.
There's way more larger acreage, compared to, 2005 prices, these currently, are attractively lower.
As reported, sales seem to be going fairly well, but it is difficult to tell on these lower cost properties if it is a low trend or time to grab.
Edited by - Jeffhale on 01/12/2007 19:11:28
Personally, I can back up my views, especially on one street where I have a property, last year the lowest price was 69k. At this moment, there’s one for 25 and two more for 35. on the next block, away from ocean, typically a bit lower, another for 25. Last year you couldn't touch that for less than 50k. That's 1/2 hands down.
There's other properties in the lower cost areas that are showing asking prices like this too.
Last month three almost finished houses in HPP asking 139k, last year or late 2005 could not touch them for less than 200k. Shacks and small 3-500 sq ft cottages last year went to 150 and over 200k, this year popping back up 60-110+/- to 140K. This is a down trend that only takes a few hours hunt at information services to see, providing you knew or know last years asking prices.
A few of HPP vacant land properties are holding their values but there's some here and there that appear to be owners dumping out. as are in other lower cost areas. H.O.V.E showing lower asking prices, Kau too. Some selling for less than tax aprasial while last year some selling for much more than asking. Literary. I personally put in a offer for a property last year 15K higher than asking and didn’t get it. Things were selling like hot cakes!
The lowest in moon zone, that you can actually get too in Kalapana, last year was about 14k, this year plenty for 9.
Personally, I can't answer for higher cost property. Although there's north Hilo dirt (vacant land) popping up again, and Molokai, while last year these places lower than 200K were rare. Kapoho, I was not looking at last year but have been told that; last year just about every 'vacationland' empty lot was 250K, there's three way below that right this second.
There's way more larger acreage, compared to, 2005 prices, these currently, are attractively lower.
As reported, sales seem to be going fairly well, but it is difficult to tell on these lower cost properties if it is a low trend or time to grab.
Edited by - Jeffhale on 01/12/2007 19:11:28