The rent prices in real estate in Kihei, 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 Kihei has had a strong fall during the last 6 months. In May, the average price per sq.feet was $15.16. In the following month the price per sq.feet rose considerably to $17.49. The price for the following two months in (July, August) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $14.41 to $2.8 during September, and October.
When referring to the price in Kihei (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $2,666. During June the price went through a considerable rise reaching $3,410. During the following two months (July, August) the price has had an average rise from $3,038 to $3,206. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,122 and $3,219.5 between September and October.
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 $3,233 they are 32 % more affordable than the average price for Kihei . The properties with the highest average price have 4 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,983.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.72 / sq.feet, with an average $2.77 / sq.feet price in Kihei. The properties with the most expensive average prices have 4 bedrooms. They are 189 % more expensive than the average followed by properties with 1 bedroom with a price at $4.17 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,233 it is 25 % more affordable than the average price in Kihei. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,596 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $9 / sq.feet followed by "House" priced at $28 / sq.feet. "House" is the most expensive type of property with a $28 / sq.feet value followed by "Condo" with an average price of $9 / sq.feet.