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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (242667)	3/29/2010 6:57:31 PM
From: neolib	Read Replies (3) \| Respond to of 306849

Prices for Ag land around Hilo have certainly dropped considerably from the highs. Quite a bit is available in the $5K-10K/acre range, while there are still plenty who think they can get $25K/acre but I don't see those selling. Stuff moves when wacked to $2K-3K/acre. Some properties I've been watching have had the prices dropped every couple of months. There are of course various issues, the main one being soil quality. South & east of Hilo is thinner soil on lava (plus more lava flow danger) while to the west & north its better soil and less current danger. The prices reflect that. So far the prices are still declining for this land type. Don't follow housing so can't say there.