The average price in the Hawaii region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Hawaii has risen considerably in the last 6 months. During July, the average price per sq.feet was $1,353. The following month (August) the price had a considerable deflation reaching $490 per sq.feet. The following two months (September, October) went through a considerable deflation of 56 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has decreased 85 %. This has been obtained by comparing the price $719.25 for the first four months of the sample with regard to the previous 4 months and the price $611.5 per sq.feet for the last two months (November, December).
Based upon to the price in Hawaii(region), this has increased considerably in the last 6 months. In the first month sample July the average price is $762,634. In August the price was the same at $739,570. In the following two months the average price didn't change much compared to the previous two going from $751,102 to $754,347. During the last two months the price has had a considerable increase of 157 % with respect to the previous four months going from $752,724.5 a $1,180,142.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 63 % more affordable than the average price in Hawaii followed by those with 2 with an average price of $715,175. The most costly properties have 4 bedrooms. They are 53 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,112,373.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $585 / sq.feet being $616 / sq.feet the average value within the Hawaii region. The properties with the most expensive average price are those with 1 bedroom. These are 14 % more costly than the average followed by those with 2 bedrooms with a price of $668 / sq.feet.
The graph displaying the average price according to the property type shows "Townhouse" as the cheapest one. With an average cost of $1,218,267 it is 25 % more affordable than the average in Hawaii. This is followed by "Condo" with a price of $1,077,520. The dearest property type is "Commercial" and is 114 % more expensive than the average, followed by "House" with a cost of $1,560,203.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $246 / sq.feet, followed by "Townhouse" with a price of $534 / sq.feet. "Condo" with an average price of $920 / sq.feet is the most costly type of property followed by "House" at a price of $574 / sq.feet.