The prices in real estate in Waikoloa, 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 Waikoloa has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $2,311. In the following month the price per sq.feet increased considerably to $3,094. The price for the following two months in (August, September) had a considerable decrease of 13 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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 $1,521.25 to $402 during October, and November.
Based upon to the price in Waikoloa (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is $475,967. In July This price remains at $463,656. In the following two months the average price has remained the same with regard to the previous two months from $469,811.5 to $477,809. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % 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 $683,935 they are 40 % more affordable than the average price for Waikoloa. The properties with the highest average price have 4 bedrooms, Their price is 747 % more costly than the average. After that we have properties with 3 bedrooms priced at $607,968.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $367 / sq.feet, with an average $421 / sq.feet price in Waikoloa. The properties with the highest average prices have 4 bedrooms. They are 274 % more expensive than the average followed by properties with 1 bedroom with a price at $466 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $683,935 it is 8 % cheaper than the average price in Waikoloa. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $932,062 it is 67 % 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 $431 / sq.feet followed by "Condo" priced at $454 / sq.feet. "Land" is the most costly type of property with a $3,336 / sq.feet cost followed by "Condo" with an average price of $454 / sq.feet.