The rent prices in real estate in Kapaa, in the Hawaii region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Kapaa has fallen during the last 6 months. In September, the average price per sq.feet was $2.28. In the following month the price per sq.feet fell considerably to $1.86. In the following two months the price per sq.feet has practically remained the same, going from $2.07 to $2.06 per sq.feet. The price per sq.feet has fallen 94 % 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 $2.06 to $1.93 during January, and February.
When referring to the price in Kapaa (cities), this has fallen in the last 6 months. The average price during our first sample month during September, is $2,332. During October the price went through a considerable rise reaching $2,936. During the following two months (November, December) the average price had a considerable fall of 78 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,347.25 to $1,846.5, which means a 79 % 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 $1,878 they are 25 % more affordable than the average price for Kapaa . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,010.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.65 / sq.feet, with an average $1.87 / sq.feet price in Kapaa. The properties with the most expensive average prices have 4 bedrooms. They are 1344 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $1,878 it is 3 % more expensive than the average price in Kapaa. "House" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $2,158 it is 69 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $17 / sq.feet followed by "House" priced at $27 / sq.feet. "Condo" is the most expensive type of property with a $28 / sq.feet value followed by "House" with an average price of $27 / sq.feet.