Are Sales Rising in Big Island Real Estate?
Upgraded curb appeal signals a rise in sales on the Island of Hawaii.
Curb appeal and mountain views for $374,000 in Waikoloa Village (MLS# 237574)
Throughout the economic downturn, I’ve often seen what’s referred to as shadow inventory during my morning walk around my neighborhood. Shadow inventory refers to properties not yet on market. Unoccupied for a while, plants dying, they look forlorn and sad. I knew they’d come on the market as a short sale or bank repossession. This was the dark side of the economic downturn.
What I’m seeing now is sort of a turnaround—houses that have been fixed up. Several houses on my walk came on the market and now have new owners, who, evidently, have put love and attention into their homes and properties. We’re definitely seeing a revival!
Even though it’s been tragic for many people, there is opportunity now for people who couldn’t afford to purchase before.
Real Estate is an evolution. Just like life—there are always opportunities and things happen that we can’t change, but life goes on. The Circle of Life. Some people had to let go and other people are now enjoying home ownership—some for the first time.