The rent prices in real estate in Kailua Kona, 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 Kailua Kona has had a strong fall during the last 6 months. In November, the average price per sq.feet was $9.7. In the following month the price per sq.feet fell considerably to $3.82. The price for the following two months in (January, February) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 61 % 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 $6.32 to $3.83 during March, and April.
When referring to the price in Kailua Kona (cities), this has fallen considerably in the last 6 months. The average price for November is $9,379. During December the price had a considerable fall till $4,641. During the following two months (January, February) the price has had an average rise from $7,010 to $7,774.5. During the last two months the average price has fallen greatly compared to the previous four going from $7,392.25 to $4,307, which means a 58 % fall.
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 $4,009 they are 43 % more affordable than the average price for Kailua Kona . The properties with the highest average price have 3 bedrooms, Their price is 387 % more expensive than the average. After that we have properties with 4 bedrooms priced at $6,539.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3 / sq.feet, with an average $3 / sq.feet price in Kailua Kona. The properties with the most expensive average prices have 3 bedrooms. They are 267 % more expensive than the average followed by properties with 1 bedroom with a price at $4 / sq.feet.
According to average price per property type in Kailua Kona, "" priced at $3,777 is 6 % lower than the average price ($4,009) in this city.