Land Values in HPP...question for our realtors

[JerryCarr]

My strictly amateur opinion is that, in view of local and mainland economic conditions, the bottom is not yet here. Those $35K and $37K prices on 11th are still easily three times what they would have brought back in 2002 (or even early 2003.) I have no clue where it will stop, but I don't think it likely we will see $12,000 lots in HPP any time soon.

Cheers,
Jerry

[hpp4me]

My guess is that the properties closer to the ocean and closer to the highway will do a better job of maintaining their values (i.e., will show a lower percentage drop). Only time will tell.

[John S. Rabi]

I check the MLS update for HPP every day. It seems the bottom level ($40K) has been the same for about four months now. There are price reductions from the upper tiers but the lower tier seems to be set. Lots below 10th Street and closer to highway alway had maintened their values better than the lots between. I don't think you will ever see $12K lots in HPP in the future unless Mauna Loa takes care of the real estate market for the whole island. [}]

Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"

[maggieblanchett]

We looked into HPP lots and decided the pricing was too high. But if prices fall by the end of the year we might buy there.

Currently the cheapest owner-financed lot in HPP that was shown to us by Kevin Lewis costs $60,000.

We're considering either Ainaloa or HPP, but it will depend on whether we can even afford HPP by the time we're ready to buy...

--maggie

http://www.maggieblanchett.com

[Seeb]

HPP is a good place to raise kids

The devil is in the detail

[DanielP]

Maggie,

Saving $ on LOCATION is the WORST place to save.

Dan

[EightFingers]

I've been watching HPP for a year now. Any deal for 12000/acre, I'm all over it.

[maggieblanchett]

I'll buy at that price as well. We drove a lot through HPP yesterday...a LOT of houses and lots for sale.

I still think it's a buyer's market right now, but I think some sellers haven't figured it out. ;-)

--maggie

http://www.maggieblanchett.com

[Hotzcatz]

A lot of the folks who keep track of things are all suggesting the market hasn't neared bottom yet at all. They don't think it will hit bottom for at least another year or more.

There were not any Hawaiian Paradise Park lots listed in the last tax auction.

[StillHope]

Some of medium and most of not so good properties will go down.Top of the line will not change much.Most likely be removed from the MLS until better times,because the owners of expensive properties are not desperate.Well,most of the time.