Data from Hawaii Information Service for the period 1/1/2009 to 10/22/2009. Prepard by Steven Starnes
Residential Sales: 17 sold. Average Sale Price: $186,753 Median Sale Price: $203,000 Average Day on Market: 88 days Average Sale Price/List Price: 96.2% Average Home Price at the market peak (7/2005 to 6/2006): $237,112
Land Sales: 29 sold. Average Sale Price: $24,355 Median Sale Price: $22,000 Average Days on Market: 108 Average Sale Price/List Price: 85.7%
Average Land Price at the market peak (7/2005 to 6/2006): $56,023
It is a good time to invest in vacant land or a home in this subdivsion.
Fern Acres Subdivision, Mt. View Hawaii is located a couple of miles off Hwy 11 at an elevation of 1200 to 1600 ft. above sea level. There are approximately 2,000 lots which are mostly 2 acres with a few that are larger or smaller. The drive to Hilo takes about 20 to 30 minutes depending on traffic and location within the subdivision. The main access roads are paved. These are private roads maintained by the community association. However, there are no CC&Rs. Cool climate is good for coffee, tea, orchids, gingers and a number of tropical and subtropical fruits. It may be a bit cool for some low elevation crops like cacao, durian, mangosteen and rambutan; nights may drop to the low or mid 50s in the winter.
ZIP Codes: 96720, -, 96749 Approximate Location Boundaries: Hilo to Puna Disrticts
About Prudential Orchid Isle Properties:
A leader in Hawaii real estate for over 21 years, Prudential Orchid Isle Properties is the only real estate company to have attained the number one position for total sales volume in East Hawaii 8 times! We're proud to have achieved the Number One Big Island Real Estate Office ISLAND WIDE 2008 having closed the most units.
For over a decade Hawaii's oldest corporation hired us as their exclusive listing broker due to our extensive knowledge of Big Island properties. Our experience is parralleled by none. We have been known throughout the state as Hawaii's Real Estate Specialists. NOBODY knows the Big Island lilke we do! From small building lots to fine estates, commercial properties to consultation and development, Prudential Orchid Isle Properties offers local expertise with a nationwide reach. Visit our webiste often at http://.www.RealEstateHawaii.com for Everything YOU want to know about real estate on the Big Island of Hawaii. We are easy to reach and happy to assist you. Cal us toll free at 1-800-789-4753. Aloha.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
