Property prices for sale in Kihei (Hawaii)
The prices in real estate in Kihei, 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 Kihei has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $18,429. In the following month the price per sq.feet decreased considerably to $15,189. The price for the following two months in (December, January) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 45 % 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 $11,808 to $5,346.5 during February, and March.
Based upon to the price in Kihei (cities), this has gone up in the last 6 months. The average price for October is $2,067,259. During November the price had a slight fall till $1,860,416. During the following two months (December, January) the price has had an average incrementation from $1,963,837.5 to $2,132,853. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 $2,258,439 they are 55 % more affordable than the average price for Kihei. The properties with the highest average price have 4 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 3 bedrooms priced at $3,336,263.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $2,209 / sq.feet, with an average $5,148 / sq.feet price in Kihei. The properties with the lowest average prices have 4 bedrooms. They are 12 % cheaper than the average followed by properties with 3 bedrooms with a price at $2,808 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,258,439 it is 49 % cheaper than the average price in Kihei. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $3,134,687 it is 163 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $2,413 / sq.feet followed by "Apartment" priced at $3,083 / sq.feet. "Land" is the most costly type of property with a $1,043,641 / sq.feet cost followed by "House" with an average price of $13,601 / sq.feet.
