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Top 4 reasons to list your property with Prudential Orchid Isle Properties. 1. The number one company for total sales volume in East Hawaii for six consecutive years. 2. Supportive staff to help agents market your property. Full marketing director to assist agents with advertising. 3. Online marketing to ensure that your property receives national and international exposure to buyers Prudential ecards go to approximately 7,000 agents. Yahoo Online Sales Advantage for web marketing. 4. Advertising in print in Hilo Tribune or West Hawaii Today, Hawaii Homes & Land. Flyers are produced for distribution. Call or Email Steven M. Starnes R(S) for a listing information packet. Cell: 808-333-0505 Email: steve_starnes@yahoo.com |
Market Update for The Big Island: January, 2008
Pricing appears to be relatively stable. The 2007 decline in median sale prices for residential property is minimal (about 5% or less).
Land median sale prices declined by approximately 25% in many areas during 2007. However, new luxury resort prices are
flat or up slightly; mostly North Kona and Kohala districts. North Hilo and Hamakua districts have tended to maintain stable sales prices.
Although we are seeing approximately 150 to 170 price drops per week, most are overpriced properties coming down to
a competitive price. In some Puna subdivisions we have seen a few properties that are now the lowest listing price for
the year.
If you have owned your property for more than 3 years, it is very likely that it can be sold at a profit. Although the market is slow, buyers are looking for bargains or unique properties. Properties that are priced appropriately will sell. Sellers should be prepared for a longer marketing time until the real estate market improves. A CMA (Comparative Market Analysis) will assist in selecting a listing price for those ready to sell.
Graphs showing median sales prices and number of sales are in .pdf format. Most browsers have the Adobe Acrobat Plug-in installed
and the files should open in IE and Safari. If you have trouble viewing the Sales data graphs, go to www.adobe.com and download the
free Adobe Acrobat Reader. On Macs these files will open with Preview.
Hilo:Median Home Sale Prices 2005-2007
Puna: Median Home Sale Prices 2005-2007
Hilo: Median Land Sale Prices2005-2007
East Hawaii Land: Number of Sales
East Hawaii Homes: Number of Sales
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Steven M. Starnes, Realtor Salesperson Prudential Orchid Isle Properties 101 Hualalai Hilo, HI 96720 Cell: 808-333-0505 Office: 808-969-7863 Toll Free: 800-789-4753 © 2005, An independently owned and operated member of Prudential Real Estate Affiliates, Inc 
is a service mark of The Prudential Insurance Company of America. Equal Housing Opportunity.
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