The prices in real estate in Hana, in the Hawaii region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Hana has increased strongly during the last 6 months. In September, the average price per sq.feet was $2,470. In October this price pretty much remained the same at a value of $2,490 per sq.feet. The price for the following two months in (November, December) had a considerable increment of 247 %. The price per sq.feet has had a considerable increase of 233 % 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 $4,305 to $10,033.5 during January, and February.
Based upon to the price in Hana (cities), this has gone downing the last 6 months. The average price during our first sample month during September, is $3,109,286. During October the price went through a considerable rise reaching $3,661,000. During the following two months (November, December) the average price had a considerable reduction of 72 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $2,903,358.25 to $2,364,903.5, which means a 81 % fall.