home sales data in HPP ?

[hawaiideborah]

Does anyone know if there is a web site or link to find home sales that have been in HPP in the last 3 months ?
Thanks much

hawaiideborah

[csgray]

http://hawaiianparadisepark.com/

Has all sales of land and houses in HPP listed by the month, takes 1 or 2 weeks to post after the end of the month. They have similar sites for almost every subdivision.

Carol

[aunty]

Go To: Local Hawaii Real Estate web sight and all the stats for all the subdivisions are on their web sight
www.localhawaiirealestate.com

[csgray]

Same network of websites, just a different starting point.

Carol

[Winston]

Aloha HawaiiDeborah, I can send you a list from MLS. Are you wanting a price analysis or just see how things are going for the past 3 months? Sold properties are available to all realtors but you may have to visit the Hilo Tribune Herald for a list of sold if you do not want to deal with a realtor and they usually have it for only one month. Our Hawaiiinformation.com only gives active listings. Tax records are at http://www.hawaiipropertytax.com/Main/Home.aspx but you will have to know the properties TMK#. As aunty said you can go to www.LocalHawaiiRealEstate.com and go to the web page for the subdivision and it will give you the sold for the months.

[John S. Rabi]

The data will be flawed since there are lots of REO and Short Sale properties on the list of sold homes, and those have nothing to do with market value. BTW, I'm always surprised when I see someone to make a go at buying a property without professional help, so all I can say is Good Luck!

Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)

[csgray]

Market value is what someone was willing to pay for a property, it doesn't matter if the property is a short sale or a REO, market value is still what someone is willing to pay at a given point in time. As long as there are 100s of houses languishing on the market for months at very low prices that will lower market values for all properties. There are 364 houses on the mls in Puna for less than $250,000, 218 for less than $175,000 and 72 for under $100,000; regardless of how those properties got on the market they are depressing overall prices because supply far exceeds demand.

Carol

[hawaiideborah]

The links are way helpful. Thank you so much.
Punatalk bloggers come through, yet again.
You are awesome.

hawaiideborah

[John S. Rabi]

quote:

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Originally posted by csgray
Market value is what someone was willing to pay for a property, it doesn't matter if the property is a short sale or a REO.

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Sorry Carol but you are wrong on that one, just ask the appraisers.

Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)

[missydog1]

I don't see the industry stats and work with appraisers like John, but I know that my son bought an REO last year, and talked to the tax assessor about why he was assessed for 100K more than he paid for the house, which had been in a very run down condition.

Long story short, the higher assessment stuck as the market value, not the sales price. As he remediated the poor condition, he didn't get a break for that either.

As I understood it, the sale was considered to have been well under market value, as a loss, which did not lower the actual market value of the home.

The presence of REO's and foreclosures does make it hard to sell at a decent price, but OTOH it is not the same product as a home that shows pride of ownership. It's most likely a fixer.