The prices in real estate in Hilo, in the Hawaii region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Hilo has remained the same in the last 6 months. In November, the average price per sq.feet was $254. In December this price pretty much remained the same at a value of $242 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $248 to $254.5 per sq.feet. The price per sq.feet has increased 106 % 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 $251.25 to $267.5 during March, and April.
Based upon to the price in Hilo (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $430,912. In December This price remains at $437,759. In the following two months the average price has remained the same with regard to the previous two months from $434,335.5 to $420,516.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $427,426 to $388,994 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $381,849 they are 70 % more affordable than the average price for Hilo. The properties with the highest average price have 3 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 4 bedrooms priced at $342,977.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $213 / sq.feet, with an average $269 / sq.feet price in Hilo. The properties with the highest average prices have 3 bedrooms. They are 13 % more expensive than the average followed by properties with 4 bedrooms with a price at $243 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $381,849 it is 63 % cheaper than the average price in Hilo. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of $507,858 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $176 / sq.feet followed by "Office" priced at $221 / sq.feet. "Commercial" is the most costly type of property with a $2,576 / sq.feet cost followed by "Land" with an average price of $1,908 / sq.feet.