The prices in real estate in Kealakekua, 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 Kealakekua has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $9,596. In the following month the price per sq.feet decreased considerably to $328. The price for the following two months in (September, October) had a considerable decrease of 7 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $2,654 to $658 during November, and December.
Based upon to the price in Kealakekua (cities), this has fallen considerably in the last 6 months. The average price for July is $1,916,344. During August the price had a considerable reduction till $613,115. During the following two months (September, October) the average price had a considerable reduction of 45 % 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 290 % 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 $3,120,800 they are 55 % more affordable than the average price for Kealakekua. The properties with the highest average price have 1 bedroom, Their price is 18 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,415,634.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $4,327 / sq.feet, with an average $726 / sq.feet price in Kealakekua. The properties with the highest average prices have 1 bedroom. They are 1268 % more expensive than the average followed by properties with 2 bedrooms with a price at $4,327 / sq.feet.
With regard to the average price based upon the property in Kealakekua we can see that the cheapest property type is "Land" at a price of $1,415,634, they are 55 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 55 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $4,327 / sq.feet. "Land" at an average price of $4,327 / sq.feet has the most expensive price and would be directed at more affluent cities.