The rent prices in real estate in Kaneohe, 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 Kaneohe has had a strong fall during the last 6 months. In April, the average price per sq.feet was $3. In the following month the price per sq.feet fell to $2.74. The price for the following two months in (June, July) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 50 % 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 $2.72 to $1.37 during August, and September.
When referring to the price in Kaneohe (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $2,341. In May This price remains at $2,379. During the following two months (June, July) the price has had an average rise from $2,360 to $2,602.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,481.25 to $1,313.5, which means a 53 % fall.