The prices in real estate in Ocean View, 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 Ocean View has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $7,210. In the following month the price per sq.feet decreased considerably to $931. In the following two months the price per sq.feet has increased 112 %, going from $4,070.5 to $4,541.5 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $4,306 to $6,044 during July, and August.
Based upon to the price in Ocean View (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $226,011. During April the price went through a considerable rise reaching $303,593. During the following two months (May, June) the average price fell 93 % 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 gone up 105 % 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 $274,684 they are 35 % more affordable than the average price for Ocean View. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 93 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $300 / sq.feet, with an average $4,879 / sq.feet price in Ocean View. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 87 % cheaper than the average value aforementioned.