The prices in real estate in Kealakekua, in the Hawaii region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Kealakekua has increased strongly during the last 6 months. In December, the average price per sq.feet was $1,040. In January this price pretty much remained the same at a value of $1,032 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 2498 %. The price per sq.feet has had a considerable increase of 488 % 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 $13,456 to $65,719.5 during April, and May.
Based upon to the price in Kealakekua (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $1,985,833. In January This price remains at $2,042,867. During the following two months (February, March) the average price had a considerable increase of 130 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $2,316,040 to $1,979,310.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,776,047 they are 22 % more affordable than the average price for Kealakekua. The properties with the highest average price have 1 bedroom, Their price is 104 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,391,752.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $4,242 / sq.feet, with an average $69,944 / sq.feet price in Kealakekua. The properties with the lowest average prices have 1 bedroom. They are 86 % cheaper than the average followed by properties with 2 bedrooms with a price at $4,242 / 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 $1,391,752, they are 22 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 22 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Land with an average price of $4,242 / sq.feet. "Land" with an average cost of $4,242 / sq.feet has the lowest price and would be directed at less affluent cities.