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Volcano : Real Estate Advice

  • All11
  • Local Info0
  • Home Buying4
  • Home Selling0
  • Market Conditions2

Activity 5
Thu Dec 13, 2012
Frank Diaz answered:

The best thing to do is contact a local agent. Search for agents in Puna, Hilo, or Volcano.
Welcome to Hawaii.

Although I travel to the Big Island, it's best to talk to someone locally.

Frank Diaz
East Oahu Realty
808.723.0900 cell
808.791.2277 direct
888.433.1931 fax
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Wed Jun 20, 2012
Classy40D asked:
at nighshopping? store/s?how many what are they like? if any? how bigis the area and do you like it there on a scale 1-10 say (#1) 5 * GOOD SPOT.(#10) being, keep / swimming/ lookingt, ...
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Mon Jul 2, 2012
Bill Parecki answered:

Now is the time to purchase a new home. Prices are great and interest on loans is at an all time low. I see that you are presently in Volcano. The quesiton is where to you want your new home to be, give me a call and we can discuss what area you wish to be in, what is avaliable and what works for you.

Mahalo nui loa,

Bill Parecki

Realtor Salesperson (RS)
Accredited Buyer's Representative (ABR)
REO Default Certified Professional (RDCPro)
Short Sales & Foreclosure Resources (SFR)
Technology and Social Media Certified (E-Pro)
Certified Foreclosure Specialist (CFA)

Top 1% of Agents in the State of Hawaii

There is no substitute for experience

Hawaiian Island Homes Ltd
Telephone: (808) 345-8818
Facsimile: (808) 934-7400
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Fri Sep 3, 2010
Cynthia Hoskins answered:
Hi Panana,

A quick check of the MLS shows that there are currently 20 active listing for Mauna Loa estates lots, so if you decide to list now, you will have factor in your competition when you decide on a listing price. The median price of the active listings is $45,500, but there have been only four sales this year and it's important to note that the median sale price is $34,125.

Some of the lots that are currently available in Mauna Loa Estates have been listed for over 600 days, so that tells you a bit about how over-pricing will impact the chances of finding a buyer. Of the lots that did sell, three of them were on the market for quite a while before a buyer came along, so even if you price well, you will probably need to be patient in this market. (One lot went into escrow after 4 days on the market.)

The great thing about Mauna Loa Estates is that the parcels are large (no flag lots like in some of the other Volcano-area subdivisions), so when a buyer is looking to purchase near Volcano Village, this subdivision often makes the short list of potential home sites.

Volcano is one of my favorite parts of the Big Island - if I can answer any other questions about market activity in the area or about the listing process for you, please don't hesitate to contact me.
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Wed Jun 20, 2012
Katie Minkus, R(B) answered:
Aloha, Alex... My first question to you would be why are you interested in selling right now? This is one of the worst environments for Sellers, with declining prices and too much competition giving downward price pressure - if you can afford to hang onto your property for the next 3-5 years, that would be my recommendation. If you are facing a financial crisis, or need to sell to get out from under a crushing mortgage, your list price will most likely depend on how long you have to wait until you must sell. Based purely on the numbers, this is what I see: There have been 5 sales of comparable sized lots and homes to your house (in TMK 3-1-1) since June, 2008, from $45k to $162k. Right now there are 11 "comparable" houses for sale from $69k to $210k. If the current trend continues, we could expect to sell through these houses in the next six months. Thus, if you need to sell yesterday (immediately) I recommend a list price under $50k. If you can wait three-six months, list from $50-$75k, if you can wait six months or more, list somewhere over $75k but under $162k, and at that point determining the "correct" price will depend on the condition of the house. You say it needs "a lot" of work, so you could expect your highest price point to be somewhere from $75-100k, in order to give buyers an incentive to purchase your home needing work, over those competitors that need less maintenance to bring it up to today's living standards.

Alex, we work as a team at Lava Rock Realty, LLC, representing buyers and sellers all over the Big Island. We do not allow Dual Agency (which most of our sellers appreciate as they're typically paying the commissions) and we have an incredible marketing program that sells our listings. So far this year we've sold 65% listings,
(representing 35% buyers) which means we know how to sell our listings in this market environment. I would be happy to share all of these things with you in further detail and answer any other questions you may have - please contact me directly at:, or 808-887-2500. Best of luck to you and warmest aloha. It Takes Courage to Live on a Rock! Katie Minkus, R(B).
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