As a leasehold property, the value of Kawena at Mehana tends to decline as the lease expiration nears.
Due to this, a graph of its performance is less relevant. Instead, the graph above depicts the fee simple performance of Kawena at Mehana, offering a more meaningful representation of the surrounding market.
We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
