The rent prices in real estate in Makawao, 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 Makawao has had a strong fall during the last 6 months. In June, the average price per sq.feet was $17.9. In the following month the price per sq.feet fell considerably to $15.08. The price for the following two months in (August, September) had a considerable fall of 11 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 $9.13 to $1.71 during October, and November.
When referring to the price in Makawao (cities), this has fallen in the last 6 months. The average price for June is $2,665. During July the price had a slight fall till $2,508. In the following two months the average price has hardly changed with regard to the previous two months from $2,586.5 to $2,541.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $2,564 to $2,280.5 in October and November.
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 $2,120 they are 1 % more affordable than the average price for Makawao . The properties with the highest average price have 2 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,102.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 1734 % more expensive than the average price of ($31 / sq.feet) in Makawao. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1734 % more expensive than the average value aforementioned.
With regard to the average price based upon the property in Makawao we can see that the least affordable property type is "Land" at a price of $2,191, they are 3 % more expensive than the average price of (!PRECIO2!). "Land" has the most expensive price. This price is 3 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "Land with an average cost of $31 / sq.feet. "Land" at an average price of $31 / sq.feet has the highest price and would be directed at more affluent cities.