Guess this is a long way around to say this is probably not a good time to sell (or buy) in the Lower Puna area if you don't have to. Pay your property taxes and wait until things stabilizer here.
The question on if you should sell now depends on several factors. Are you going to use the money from the sale of this property to buy somewhere else. In that case then selling in a low market and buying in a low market is a wash (even steven). If you find yourself in a situation where you need to have the cash, then now would be a better time to sell then in 6 months. Market is still going down and there are a lot of lots on the market in this subdivision. If you do not need to sell and are not going to be buying somewhere else and do not mind holding on to the property for possible a couple years then my advise would be to hold on to them and wait for the market to come back. If you would like to get an estimate of value on your lots, give me a call or email me and I will help you out.
Bill Parecki RS, ABR, RECPro, SFR, E-Pro
If you don't have to sell, then don't sell because currently we have 100 lots for sale in Nanawale and starting price is $4500. Within the last 6 months only 10 properties sold..... Pretty sad if you ask me. If you need more information please feel free to contact me anytime. firstname.lastname@example.org
Joanie Lehr, B
Summary of Comparable Listings that have sold
# Lowest Highest Average Median Mode
Listings 13 $8,800 $15,000 $11,584 $11,999 N/A
MLS Sale $ 13 $8,000 $14,000 $10,538 $10,500 $8,000
DOM to sale 13 4 545 110 55 119
This is the three month history and the median and mode numbers indicate a continued correction.
Contact us or come by our office in Pahoa for more information
A good local realtor can properly assemble that information for you. They should also advise you that days on market and the degree of advertising can have a distinct effect on price as well.
Once you do that, you will be able to make a much more educated decision