The rent prices in real estate in Koloa, 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 Koloa has risen strongly during the last 6 months. In August, the average price per sq.feet was $4.73. In the following month the price per sq.feet rose considerably to $6.43. The price for the following two months in (October, November) had a considerable rise of 255 %. The price per sq.feet has had a considerable rise of 232 % 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 $9.9 to $23 during December, and January.
When referring to the price in Koloa (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during August, is $3,291. During September the price went through a considerable rise reaching $4,098. During the following two months (October, November) the average price fell 88 % 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 $3,471 to $2,649, which means a 76 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $2,330 they are 22 % more expensive than the average price for Koloa. Following this ranking we find those properties with 4 at an average price of $3,472. The properties with the highest average price have 1 bedroom, Their price is 75 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,472.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $4 / sq.feet, with an average $21 / sq.feet price in Koloa. The properties with the most expensive average prices have 2 bedrooms. They are 62 % more expensive than the average followed by properties with 4 bedrooms with a price at $15 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,330 it is 7 % more affordable than the average price in Koloa. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $2,172 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $15 / sq.feet followed by "Land" priced at $22 / sq.feet. "Land" is the most expensive type of property with a $22 / sq.feet value followed by "House" with an average price of $15 / sq.feet.