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Big Island

The Big Island's Mauna Lani Entry Level Nearly Gone

There are only four available condominiums in Mauna Lani less than $400,000!!!

As I began to schedule showing appointments for my buyer clients, from the list of properties they had chosen last week, I learned that three were under contract, two had vacation guests and could not be shown, and the last had a non-responsive listing agent! Argh…

If there ever were a time for the banks to release their “shadow inventory” might this be a good time!! Personally, I am not a believer of the shadow inventory theory as we have been hearing about the threat for years now. In my market area, I am well aware of the properties that have gone into foreclosure, or are distressed. The turn around time for foreclosures is usually 1-3 months, and are released for sale a.s.a.p. once the title and property is in order. The banks are not in the position of holding properties. But that is another story…

You have to have your (or my) ear to the ground to find a good buy in the entry level market in Mauna Lani. The days of leisurely viewing and taking the ‘pick of the litter’ are gone; at least for now. Perhaps a professional in constant touch could be of service…?

Living and loving the resort life!

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paul martin

April 3, 2011

pls call us at 602 363 1212

paul martin

April 3, 2011

pls call us at 602 363 1212

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