The prices in real estate in Kamuela, in the Hawaii region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Kamuela has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $2,995. In the following month the price per sq.feet increased considerably to $4,897. The price for the following two months in (August, September) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 32 % 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 $2,286.5 to $741.5 during October, and November.
Based upon to the price in Kamuela (cities), this has gone up considerably in the last 6 months. In our first sample month during June, the average price is $1,391,659. In July This price remains at $1,424,469. During the following two months (August, September) the price has had an average incrementation from $1,408,064 to $1,573,664.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 144 % 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 $2,778,913 they are 65 % more affordable than the average price for Kamuela. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,743,765.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $596 / sq.feet, with an average $849 / sq.feet price in Kamuela. The properties with the highest average prices have 2 bedrooms. They are 30 % more expensive than the average followed by properties with 4 bedrooms with a price at $953 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,778,913 it is 36 % cheaper than the average price in Kamuela. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $1,777,571 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $831 / sq.feet followed by "Condo" priced at $940 / sq.feet. "Condo" is the most costly type of property with a $940 / sq.feet cost followed by "House" with an average price of $831 / sq.feet.