The prices in real estate in Kaaawa, in the Hawaii region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Kaaawa has fallen in the last 6 months. In February, the average price per sq.feet was $731. In the following month the price per sq.feet decreased to $684. In the following two months the price per sq.feet has barely changed, going from $707.5 to $734 per sq.feet. The price per sq.feet has had a considerable deflation of 73 % 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 $720.75 to $528.5 during June, and July.
Based upon to the price in Kaaawa (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $1,122,875. In March This price remains at $1,146,778. In the following two months the average price has remained the same with regard to the previous two months from $1,134,826.5 to $1,099,333.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,117,080 to $830,368.5, which means a 74 % fall.