The prices in real estate in Kaaawa, 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 Kaaawa has increased strongly during the last 6 months. In October, the average price per sq.feet was $598. In the following month the price per sq.feet increased considerably to $861. In the following two months the price per sq.feet has barely changed, going from $729.5 to $697 per sq.feet. The price per sq.feet has increased 110 % 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 $713.25 to $785 during February, and March.
Based upon to the price in Kaaawa (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $865,000. During November the price went through a considerable rise reaching $998,296. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 136 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,277,500 they are 68 % more affordable than the average price for Kaaawa. The properties with the highest average price have 2 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,144,563.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $511 / sq.feet, with an average $691 / sq.feet price in Kaaawa. The properties with the highest average prices have 4 bedrooms. They are 86 % more expensive than the average followed by properties with 1 bedroom with a price at $785 / sq.feet.
With regard to the average price based upon the property in Kaaawa we can see that the cheapest property type is "Apartment" at a price of $1,021,437, they are 20 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 20 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $299 / sq.feet. "Apartment" with an average cost of $299 / sq.feet has the lowest price and would be directed at less affluent cities.