The prices in real estate in Kamuela, 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 Kamuela has fallen in the last 6 months. In September, the average price per sq.feet was $7,801. In the following month the price per sq.feet decreased considerably to $5,521. In the following two months the price per sq.feet has barely changed, going from $6,661 to $6,863.5 per sq.feet. The price per sq.feet has had a considerable increase of 129 % 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 $6,762.25 to $8,748 during January, and February.
Based upon to the price in Kamuela (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $1,923,856. During October the price went through a considerable rise reaching $2,494,983. During the following two months (November, December) the price has had an average incrementation from $2,209,419.5 to $2,460,730. Based on an analysis of the first four prices and the last two months the average price has risen strongly 128 % 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 $3,096,107 they are 17 % more affordable than the average price for Kamuela. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 2 bedrooms priced at $3,963,973.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $1,392 / sq.feet, with an average $12,058 / sq.feet price in Kamuela. The properties with the lowest average prices have 1 bedroom. They are 69 % cheaper than the average followed by properties with 2 bedrooms with a price at $2,216 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $3,096,107 it is 67 % cheaper than the average price in Kamuela. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,018,745 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $2,567 / sq.feet followed by "Land" priced at $15,510 / sq.feet. "Land" is the most costly type of property with a $15,510 / sq.feet cost followed by "House" with an average price of $2,567 / sq.feet.