The rent prices in real estate in Kula, 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 Kula has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.2. In the following month the price per sq.feet rose considerably to $16. The price for the following two months in (January, February) had a considerable rise of 115 %. The price per sq.feet has had a considerable fall of 31 % 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 $9.8 to $3 during March, and April.
When referring to the price in Kula (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $2,767. During December the price went through a considerable rise reaching $3,338. During the following two months (January, February) the average price had a considerable fall of 75 % 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 $2,677.5 to $1,273, which means a 48 % 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 $1,273 they are 0 % more affordable than the average price for Kula . The properties with the highest average price have 3 bedrooms, Their price is 186 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,400.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3 / sq.feet, with an average $3 / sq.feet price in Kula. The properties with the most expensive average prices have 4 bedrooms. They are 1633 % more expensive than the average followed by properties with 1 bedroom with a price at $3 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $1,273 it is 78 % more expensive than the average price in Kula. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of $2,269 it is 79 % 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 $42 / sq.feet followed by "House" priced at $47 / sq.feet. "House" is the most expensive type of property with a $47 / sq.feet value followed by "Land" with an average price of $42 / sq.feet.