The rent prices in real estate in Lahaina, 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 Lahaina has risen strongly during the last 6 months. In October, the average price per sq.feet was $5.49. In November this price barely changed remaining at $5.7 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 156 %. The price per sq.feet has had a considerable rise of 156 % 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 $7.15 to $11.19 during February, and March.
When referring to the price in Lahaina (cities), this has risen considerably in the last 6 months. The average price for October is $6,087. During November the price had a considerable fall till $3,812. During the following two months (December, January) the average price had a considerable rise of 155 % 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 175 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $11,171 they are 78 % more affordable than the average price for Lahaina . The properties with the highest average price have 2 bedrooms, Their price is 135 % more expensive than the average. After that we have properties with 1 bedroom priced at $16,867.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.39 / sq.feet, with an average $10.84 / sq.feet price in Lahaina. The properties with the most expensive average prices have 4 bedrooms. They are 131 % more expensive than the average followed by properties with 2 bedrooms with a price at $24.65 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $11,171 it is 78 % more affordable than the average price in Lahaina. "Condo" is seen as the second most affordable property type. The most affordable property is "" followed by "Condo". At a price of $2,457 it is 54 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $10 / sq.feet followed by "Condo" priced at $25 / sq.feet. "Condo" is the most expensive type of property with a $25 / sq.feet value followed by "Land" with an average price of $10 / sq.feet.