The prices in real estate in Kailua, 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 Kailua has increased strongly during the last 6 months. In January, the average price per sq.feet was $572. In the following month the price per sq.feet increased considerably to $673. In the following two months the price per sq.feet has increased 109 %, going from $622.5 to $678.5 per sq.feet. The price per sq.feet has had a considerable increase of 164 % 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 $650.5 to $1,064 during May, and June.
Based upon to the price in Kailua (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $1,182,327. During February the price went through a considerable rise reaching $1,610,685. During the following two months (March, April) the average price had a considerable increase of 117 % 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 147 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,710,286 they are 80 % more affordable than the average price for Kailua. The properties with the highest average price have 1 bedroom, Their price is 13 % more costly than the average. After that we have properties with 4 bedrooms priced at $2,078,719.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $571 / sq.feet, with an average $1,145 / sq.feet price in Kailua. The properties with the highest average prices have 1 bedroom. They are 813 % more expensive than the average followed by properties with 4 bedrooms with a price at $699 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $2,710,286 it is 78 % cheaper than the average price in Kailua. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $1,372,326 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $537 / sq.feet followed by "Condo" priced at $542 / sq.feet. "Commercial" is the most costly type of property with a $3,390 / sq.feet cost followed by "House" with an average price of $721 / sq.feet.