The rent prices in real estate in Kaaawa, 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 Kaaawa has had a strong fall during the last 6 months. In November, the average price per sq.feet was $87. In the following month the price per sq.feet fell considerably to $2. The price for the following two months in (January, February) had a considerable rise of 196 %. The price per sq.feet has had a considerable rise of 132 % 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 $65.75 to $86.5 during March, and April.
When referring to the price in Kaaawa (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during November, is $2,318. During December the price went through a considerable rise reaching $2,845. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $2,449.75 to $2,316.5 in March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,315 they are 2 % more affordable than the average price for Kaaawa . The properties with the lowest average price have 1 bedroom, Their price is 1 % more affordable than the average. After that we have properties with 3 bedrooms priced at $2,276.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $73 / sq.feet, with an average $86 / sq.feet price in Kaaawa. The properties with the most affordable average prices have 1 bedroom. They are 12 % more affordable than the average followed by properties with 3 bedrooms with a price at $73 / sq.feet.
With regard to the average price based upon the property in Kaaawa we can see that the most affordable property type is "Apartment" at a price of $2,276, they are 2 % cheaper than the average price of (!PRECIO2!). "Apartment" has the most affordable price. This price is 2 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $73 / sq.feet. "Apartment" with an average price of $73 / sq.feet has the most affordable price and would be directed at less affluent cities.