December 2009: Mom, Maria holding Julia, and me.
We were celebrating Christmas in my home.
Here we are as a group:
Circling the buffet table:
And this is a close-up of my mother (age 93):
My mother passed away peacefully in March of this year at the age of 99.
Her 4 bedroom 2 bath house, which was built in 1953 for $29,000, recently sold for $1.175 million. We children are very pleased. I wonder if the two doctors, who purchased the property, will demolish the house and build something better. Only time will tell.
We bought our 3 bedroom 2 bath house in 1991 for $380,000. At the time, we thought it was very expensive and we barely qualified for the mortgage. Now, in today’s market, our home could go for $750,000, and that is a conservative estimate.
No matter how you look at it, investing in real estate in Hawaii can be lucrative, because land is scarce and therefore valuable.
Has the market value of homes in your area improved, too?