The rent prices in real estate in Ewa Beach, in the Hawaii region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Ewa Beach has had a strong fall during the last 6 months. In July, the average price per sq.feet was $10.65. In the following month the price per sq.feet fell considerably to $2.27. The price for the following two months in (September, October) had a considerable fall of 33 with regard to the previous two months. The price per sq.feet has had a considerable fall of 52 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.3 to $2.21 during November, and December.
When referring to the price in Ewa Beach (cities), this has fallen in the last 6 months. The average price for July is $2,734. During August the price had a slight fall till $2,461. In the following two months the average price has hardly changed with regard to the previous two months from $2,597.5 to $2,632. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,614.75 and $2,603.5 between November and December.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,614 they are 30 % more affordable than the average price for Ewa Beach . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,859.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.87 / sq.feet, with an average $2.2 / sq.feet price in Ewa Beach. The properties with the most expensive average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,614 it is 19 % more affordable than the average price in Ewa Beach. "" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $2,271 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.23 / sq.feet followed by "Condo" priced at $2.44 / sq.feet. "Apartment" is the most expensive type of property with a $2.89 / sq.feet value followed by "Condo" with an average price of $2.44 / sq.feet.