The prices in real estate in Koloa, 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 Koloa has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $4,856. In the following month the price per sq.feet decreased considerably to $737. The price for the following two months in (September, October) had a considerable decrease of 44 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 $2,016.25 to $905.5 during November, and December.
Based upon to the price in Koloa (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $872,801. During August the price went through a considerable rise reaching $1,136,088. During the following two months (September, October) the average price had a considerable increase of 227 % 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 124 % 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 $1,723,773 they are 68 % more affordable than the average price for Koloa. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,704,299.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $869 / sq.feet, with an average $793 / sq.feet price in Koloa. The properties with the highest average prices have 1 bedroom. They are 222 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,116 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,723,773 it is 51 % cheaper than the average price in Koloa. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $1,112,492 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $657 / sq.feet followed by "House" priced at $811 / sq.feet. "Land" is the most costly type of property with a $6,707 / sq.feet cost followed by "House" with an average price of $811 / sq.feet.