The prices in real estate in Keaau, 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 Keaau has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,737. In the following month the price per sq.feet decreased to $1,500. In the following two months the price per sq.feet has barely changed, going from $1,618.5 to $1,613 per sq.feet. The price per sq.feet has had a considerable deflation of 15 % 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 $1,615.75 to $247 during October, and November.
Based upon to the price in Keaau (cities), this has gone up considerably in the last 6 months. The average price for June is $200,705. During July the price had a slight fall till $179,070. During the following two months (August, September) 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 134 % 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 $306,200 they are 47 % more affordable than the average price for Keaau. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $280,212.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $182 / sq.feet price in Keaau. The properties with the highest average prices have 4 bedrooms. They are 839 % more expensive than the average followed by properties with 3 bedrooms with a price at $268 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $306,200 it is 76 % cheaper than the average price in Keaau. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $307,667 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $190 / sq.feet followed by "Duplex" priced at $220 / sq.feet. "Land" is the most costly type of property with a $924 / sq.feet cost followed by "Duplex" with an average price of $220 / sq.feet.