Kona Kohala Blog

Believe it or not, we're seeing more homes enter the under $400K range with some even hitting the under $300 range.  As the market continues to correct from the craziness of 2005 we see prices shifting downward.

Today's homes in that $400K to $500K range are very nice homes that are actually worth the money. During the heyday of price hikes, people were paying a lot of money for junk in the fear that we would run out of property.  Now that prices are coming down and there is competition between sellers, the homes are well kept, clean and in most cases ready to be moved into.

We have all three pieces of the perfect real estate storm, low prices, low interest rates and a large inventory to choose from.  This week's newsletter will look at what you can get for $400,000.  If you'd like to be on the mail list, email me at robert@ferraripacificrealty.com.   No cost, no obligation.