The prices in real estate in Honolulu, 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 Honolulu has remained the same in the last 6 months. In November, the average price per sq.feet was $661. In the following month the price per sq.feet increased to $719. In the following two months the price per sq.feet has barely changed, going from $690 to $699 per sq.feet. The price per sq.feet has decreased 93 % 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 $694.5 to $643.5 during March, and April.
Based upon to the price in Honolulu (cities), this has fallen considerably in the last 6 months. The average price for November is $955,816. During December the price had a slight fall till $876,533. During the following two months (January, February) the average price fell 90 % 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 $871,614.5 to $681,952, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $709,129 they are 50 % more affordable than the average price for Honolulu. The properties with the highest average price have 4 bedrooms, Their price is 168 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,371,629.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $555 / sq.feet, with an average $639 / sq.feet price in Honolulu. The properties with the highest average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at $692 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $709,129 it is 25 % cheaper than the average price in Honolulu. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $869,256 it is 142 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $609 / sq.feet followed by "Condo" priced at $672 / sq.feet. "Townhouse" is the most costly type of property with a $981 / sq.feet cost followed by "House" with an average price of $717 / sq.feet.