The prices in real estate in Kapaa, 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 Kapaa has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $3,625. In the following month the price per sq.feet decreased considerably to $461. The price for the following two months in (September, October) had a considerable decrease of 26 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 46 % 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 $1,287.5 to $597.5 during November, and December.
Based upon to the price in Kapaa (cities), this has gone up considerably in the last 6 months. The price in July is $795,047, rising in August till $880,569. During the following two months (September, October) the average price had a considerable increase of 124 % 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 132 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,363,800 they are 54 % more affordable than the average price for Kapaa. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,125,486.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $449 / sq.feet, with an average $599 / sq.feet price in Kapaa. The properties with the highest average prices have 1 bedroom. They are 795 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,440 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,363,800 it is 48 % cheaper than the average price in Kapaa. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $863,217 it is 31 % 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 $484 / sq.feet followed by "Farm" priced at $3,188 / sq.feet. "Apartment" is the most costly type of property with a $4,303 / sq.feet cost followed by "Farm" with an average price of $3,188 / sq.feet.