The rent prices in real estate in Kihei, in the Hawaii region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Kihei has risen strongly during the last 6 months. In October, the average price per sq.feet was $4.66. In November this price barely changed remaining at $4.66 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 176 %. The price per sq.feet has had a considerable rise of 140 % 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 $6.43 to $8.99 during February, and March.
When referring to the price in Kihei (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $4,216. In November This price remains at $4,184. During the following two months (December, January) the average price had a considerable rise of 197 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 230 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $10,894 they are 69 % more affordable than the average price for Kihei . The properties with the highest average price have 1 bedroom, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,548.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.79 / sq.feet, with an average $6.59 / sq.feet price in Kihei. The properties with the most expensive average prices have 1 bedroom. They are 327 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.53 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $10,894 it is 77 % more affordable than the average price in Kihei. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $5,379 it is 145 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $3.82 / sq.feet followed by "Condo" priced at $4.43 / sq.feet. "House" is the most expensive type of property with a $34.77 / sq.feet value followed by "Condo" with an average price of $4.43 / sq.feet.