The prices in real estate in Pearl City, 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 Pearl City has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $945. In the following month the price per sq.feet decreased considerably to $358. The price for the following two months in (September, October) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $534.75 to $441 during November, and December.
Based upon to the price in Pearl City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $517,776. During August the price went through a considerable rise reaching $691,049. During the following two months (September, October) the price has had an average incrementation from $604,412.5 to $644,783.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $624,598 and $632,453 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $590,906 they are 58 % more affordable than the average price for Pearl City. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $406,244.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $435 / sq.feet, with an average $444 / sq.feet price in Pearl City. The properties with the highest average prices have 2 bedrooms. They are 257 % more expensive than the average followed by properties with 3 bedrooms with a price at $724 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $590,906 it is 40 % cheaper than the average price in Pearl City. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $521,117 it is 87 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $388 / sq.feet followed by "Apartment" priced at $1,018 / sq.feet. "House" is the most costly type of property with a $3,130 / sq.feet cost followed by "Apartment" with an average price of $1,018 / sq.feet.