Prudential Orchid Isle Properties has merged with Clark Realty Corp. I will still be a the same office location. All phone and contact information will remain the same.
Both Hilo and Kona are showing increases in number of sales and prices this year. Residential average sale prices have risen 4% to 19%. Some of this is due to sales of higher priced properties; larger and in better locations. Puna land prices are still flat or down a little. With low interest rates, it is a great time to buy.
Median sale price of lots in Hawaiian Paradise Park (mostly 1 acre lots) are ranging from $24,000 to $27,000 over the past several quarters. At the market peak in 2005 and early 2006, median sale prices were in the $70,000 to $85,000 range. This is a great time to buy. Hawaiian Paradise Park is located about 14 miles from Hilo. It consist of approximately 8800 lots; mostly 1 acre lots with some 1/2 acre lots near the ocean. Elevation is from sea level to approximately 500 ft. above sea level. Our climate is tropical rain forest.