The prices in real estate in Kihei, in the Hawaii region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Kihei has fallen in the last 6 months. In April, the average price per sq.feet was $2,274. In the following month the price per sq.feet decreased considerably to $1,255. The price for the following two months in (June, July) had a considerable increment of 198 %. 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 $2,629 to $1,190 during August, and September.
Based upon to the price in Kihei (cities), this has gone downing the last 6 months. The average price for April is $1,314,396. During May the price had a slight fall till $1,185,503. In the following two months the average price has remained the same with regard to the previous two months from $1,249,949.5 to $1,268,585.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,259,267.5 to $992,199, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $906,379 they are 37 % more affordable than the average price for Kihei. The properties with the highest average price have 4 bedrooms, Their price is 123 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,378,913.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $814 / sq.feet, with an average $859 / sq.feet price in Kihei. The properties with the highest average prices have 4 bedrooms. They are 1441 % more expensive than the average followed by properties with 3 bedrooms with a price at $994 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $906,379 it is 16 % cheaper than the average price in Kihei. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,819,710 it is 167 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $928 / sq.feet followed by "Commercial" priced at $3,352 / sq.feet. "Land" is the most costly type of property with a $36,945 / sq.feet cost followed by "House" with an average price of $8,519 / sq.feet.