07-21-2024, 03:19 AM
new house on 12th/Kaloli/deadend is in escrow
Was it this one Mary?
https://www.redfin.com/HI/Keaau/15-1512-.../148292610
You are right, that one was only on the market for 1 month. Much less than most.
They tried to get $525,000. Once they dropped the price to $510,000 it only took a week to go into escrow.
That builder really impresses me. They have built a ton of those exact 1334 SQ FT houses and people gobble them up. The builder really adds some style and makes each one "unique" as a cookie cutter house can be. They have already dropped a new one on the market! https://www.realtor.com/realestateandhom...-list-card
They were getting $530,000 for those 1334s.
https://www.redfin.com/HI/Keaau/15-1490-.../188143142
https://www.redfin.com/HI/Keaau/15-1631-.../188143112
Now they are only getting $500,000 and having to upgrade with concrete driveway, etc.
https://www.redfin.com/HI/Keaau/15-1481-.../190528222
Thanks for pointing out one of the clearest examples of what many of us on PW have noticed. Prices in HPP are dropping. It never feels like a crash. It usually takes 5-7 years for a real estate market to go from it's peak to its bottom. Just like the 2008 "crash" bottomed in about 2013. So, it's really less like a crash and more like a frog in boiling water. Either way, in the end you kinda feel burned.
Was it this one Mary?
https://www.redfin.com/HI/Keaau/15-1512-.../148292610
You are right, that one was only on the market for 1 month. Much less than most.
They tried to get $525,000. Once they dropped the price to $510,000 it only took a week to go into escrow.
That builder really impresses me. They have built a ton of those exact 1334 SQ FT houses and people gobble them up. The builder really adds some style and makes each one "unique" as a cookie cutter house can be. They have already dropped a new one on the market! https://www.realtor.com/realestateandhom...-list-card
They were getting $530,000 for those 1334s.
https://www.redfin.com/HI/Keaau/15-1490-.../188143142
https://www.redfin.com/HI/Keaau/15-1631-.../188143112
Now they are only getting $500,000 and having to upgrade with concrete driveway, etc.
https://www.redfin.com/HI/Keaau/15-1481-.../190528222
Thanks for pointing out one of the clearest examples of what many of us on PW have noticed. Prices in HPP are dropping. It never feels like a crash. It usually takes 5-7 years for a real estate market to go from it's peak to its bottom. Just like the 2008 "crash" bottomed in about 2013. So, it's really less like a crash and more like a frog in boiling water. Either way, in the end you kinda feel burned.