The prices in real estate in Argao, in the Cebu 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 m² in Argao has increased strongly during the last 6 months. In July, the average price per m² was ₱ 33,337. In the following month the price per m² increased to ₱ 38,050. The price for the following two months in (September, October) had a considerable increment of 147 %. The price per m² has had a considerable increase of 129 % 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 ₱ 44,068.5 to ₱ 56,882 during November, and December.
Based upon to the price in Argao (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is ₱ 6,308,479. In August This price remains at ₱ 6,192,982. During the following two months (September, October) the price has had an average incrementation from ₱ 6,250,730.5 to ₱ 6,888,258.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 26 % cheaper than the average price of ₱ 5,702,313 in Argao. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 26 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 173 % more costly than the average price of (₱ 152,048 / m²) in Argao. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 173 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Argao we can see that the cheapest property type is "House And Lot" at a price of ₱ 5,702,313, they are 26 % more affordable than the average price of (!PRECIO2!). "House And Lot" has the lowest price. This price is 26 % more affordable than the average price aforementioned.
According to the average area price by m² the most costly property type is "House And Lot with an average price of ₱ 152,048 / m². "House And Lot" at an average price of ₱ 152,048 / m² has the most expensive price and would be directed at more affluent cities.