The prices in real estate in Waimea, 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 Waimea has increased strongly during the last 6 months. In September, the average price per sq.feet was $2,974. In the following month the price per sq.feet increased considerably to $133,485. In the following two months the price per sq.feet has increased 107 %, going from $68,229.5 to $73,100.5 per sq.feet. The price per sq.feet has had a considerable deflation of 17 % 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 $70,665 to $11,674.5 during January, and February.
Based upon to the price in Waimea (cities), this has gone downing the last 6 months. The price in September is $1,810,700, rising in October till $1,937,743. During the following two months (November, December) the price has had an average incrementation from $1,874,221.5 to $2,003,643. During the last two months the average price has had a strong fall compared to the previous four going from $1,938,932.25 to $1,301,887, which means a 67 % fall.