Property prices for sale in Hilo (Hawaii)
The prices in real estate in Hilo, 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 Hilo has increased strongly during the last 6 months. In October, the average price per sq.feet was $4,178. In the following month the price per sq.feet increased considerably to $5,988. In the following two months the price per sq.feet has increased 111 %, going from $5,083 to $5,637.5 per sq.feet. The price per sq.feet has had a considerable increase of 129 % 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 $5,360.25 to $6,890.5 during February, and March.
Based upon to the price in Hilo (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $765,367. In November This price remains at $761,267. During the following two months (December, January) the price has had an average incrementation from $763,317 to $820,942. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $792,129.5 and $766,858.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $786,279 they are 42 % more affordable than the average price for Hilo. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $632,309.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $523 / sq.feet, with an average $6,516 / sq.feet price in Hilo. The properties with the lowest average prices have 4 bedrooms. They are 67 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,227 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $786,279 it is 57 % cheaper than the average price in Hilo. "Office" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $819,382 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $186 / sq.feet followed by "Condo" priced at $481 / sq.feet. "Land" is the most costly type of property with a $104,157 / sq.feet cost followed by "House" with an average price of $6,243 / sq.feet.
