The prices in real estate in Pahoa, 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 Pahoa has increased strongly during the last 6 months. In November, the average price per sq.feet was $149. In the following month the price per sq.feet increased considerably to $193. In the following two months the price per sq.feet has barely changed, going from $171 to $177 per sq.feet. The price per sq.feet has decreased 91 % 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 $174 to $159 during March, and April.
Based upon to the price in Pahoa (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $195,478. During December the price went through a considerable rise reaching $260,948. In the following two months the average price has remained the same with regard to the previous two months from $228,213 to $238,631. During the last two months the average price has had a strong fall compared to the previous four going from $233,422 to $195,220.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $195,046 they are 16 % more affordable than the average price for Pahoa. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 1 bedroom priced at $220,667.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $147 / sq.feet, with an average $156 / sq.feet price in Pahoa. The properties with the highest average prices have 1 bedroom. They are 125 % more expensive than the average followed by properties with 2 bedrooms with a price at $151 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $195,046 it is 85 % cheaper than the average price in Pahoa. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $222,284 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $196 / sq.feet followed by "Land" priced at $298 / sq.feet. "Commercial" is the most costly type of property with a $1,868 / sq.feet cost followed by "Land" with an average price of $298 / sq.feet.