Beverly Molfino RS - Specializing in Hawaii Real Estate!
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Welcome and thank you for visiting my website. Real estate has been my lifelong passion. I have a long and successful history in real estate and I do my very best to pass this on to my clients. It would be my pleasure to share my extensive knowledge of this remarkable and beautiful part of Hawaii with you.
There is a large selection of great properties currently on the market: oceanfront, expansive views, both small and large parcels, stunning mountain views, lush vegetation, and much more. This is a great time to buy or sell property in Hawaii! Click to read my full bio page > |
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PRICE REDUCED: Oceanfront Ninole - Hamakua Coast
- MLS # 200004
- Price: $489,000
- Land Area: 1.35 acres
Location:
32-890 Hanamalo, North Hilo
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The Big Island... A Buyer's Market
(June 13, 2008)
Here are some highlights from an article in the June 6, 2008 issue of the Hawaii Tribune Herald:
Beverly Molfino, one of the leading realtors on the Big Island of Hawaii in downtown
Hilo, knows the North Hilo and Hamakua market ---- probably better than anyone!
"The market is very quiet," she said, adding, "everyone is looking for a deal."
Some brokers in Hilo see things getting better. "What my agents are
telling me is that the last few months seem to be pretty positive," said one broker,
adding there are a good selection of properties. "The prices are down.
They might still go down," and there are low interest rates for people
wanting to buy a home. "People are definitely still coming to Hilo."
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What to do if your Home won't Sell
(June 5, 2008)
Homes take longer to sell today than they did in 2005. This is due
to a slow home-sale market that has resulted in a build-up of the
inventory of unsold listings. Although there are exceptions, this
situation is expected to continue until late 2008 or 2009 -- at least.
What options do sellers have whose homes aren't selling quickly enough?
Many
of the homes that aren't selling are priced too high for the current
market. The median sale price of homes sold nationally in February 2008
was down 8.2 percent from a year ago, according to the National
Association of Realtors. This percentage was even higher in cities like
Miami and Las Vegas that were speculative hotbeds in 2004 and 2005, and
now have high foreclosure rates.
Some areas are doing better
than others. For example, here on the Big Island of Hawaii, the median
sale price of homes sold in the South Hilo district in May 2008 was
essentially the same compared
to a year ago. But, for the same period, the median prices of homes in
North Hilo and Hamakua actually increased 24% and 22% respectively! (Source: Hawaii Information Service)
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