The prices in real estate in Alfonso, in the Cavite 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 m² in Alfonso has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 40,156. In the following month the price per m² decreased considerably to ₱ 28,268. The price for the following two months in (November, December) had a considerable decrease of 77 with regard to the prior two months. The price per m² has decreased 90 % 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 m² of ₱ 30,350.5 to ₱ 27,209.5 during January, and February.
Based upon to the price in Alfonso (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 9,147,726. During October the price had a considerable reduction till ₱ 7,210,768. During the following two months (November, December) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 7,764,669 and ₱ 7,545,858.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 7,853,189 they are 62 % more affordable than the average price for Alfonso. The properties with the highest average price have 4 bedrooms, Their price is 105 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,243,870.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 59,676 / m², with an average ₱ 25,217 / m² price in Alfonso. The properties with the highest average prices have 1 bedroom. They are 266 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 74,641 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 7,853,189 it is 60 % cheaper than the average price in Alfonso. "Lot" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Lot". At a price of ₱ 5,629,901 it is 7 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 7,153 / m² followed by "House" priced at ₱ 65,940 / m². "Condominium" is the most costly type of property with a ₱ 120,596 / m² cost followed by "House" with an average price of ₱ 65,940 / m².