The prices in real estate in Argao, in the Cebu 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 Argao has had a strong decrease during the last 6 months. In March, the average price per m² was ₱ 58,850. In April this price pretty much remained the same at a value of ₱ 58,741 per m². The price for the following two months in (May, June) had a considerable decrease of 81 with regard to the prior two months. The price per m² has had a considerable deflation of 67 % 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 ₱ 53,285 to ₱ 35,693.5 during July, and August.
Based upon to the price in Argao (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is ₱ 6,412,485. In April This price remains at ₱ 6,372,584. During the following two months (May, June) the average price had a considerable increase of 143 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 7,767,762 to ₱ 6,250,730.5, which means a 80 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 8 % cheaper than the average price of ₱ 5,725,182 in Argao. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 8 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 301 % more costly than the average price of (₱ 152,660 / m²) in Argao. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 301 % 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 ₱ 5,725,182, they are 8 % more affordable than the average price of (!PRECIO2!). "House And Lot" has the lowest price. This price is 8 % 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 ₱ 152,660 / m². "House And Lot" at an average price of ₱ 152,660 / m² has the most expensive price and would be directed at more affluent cities.