The prices in real estate in Pukalani, 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 Pukalani has increased strongly during the last 6 months. In November, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $71,339. The price for the following two months in (January, February) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % 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 $18,000.25 to $972.5 during March, and April.
Based upon to the price in Pukalani (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $1,276,571. In the following two months the average price has remained the same with regard to the previous two months from $638,285.5 to $666,750. Based on an analysis of the first four prices and the last two months the average price has risen strongly 220 % during the last two months.