The prices in real estate in Bacolod, in the Negros Occidental region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Bacolod has fallen in the last 6 months. In April, the average price per m² was ₱ 61,240. In May this price pretty much remained the same at a value of ₱ 62,267 per m². In the following two months the price per m² has increased 107 %, going from ₱ 61,753.5 to ₱ 66,186 per m². The price per m² has had a considerable deflation of 54 % 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 ₱ 63,969.75 to ₱ 34,858 during August, and September.
Based upon to the price in Bacolod (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is ₱ 4,379,401. In May This price remains at ₱ 4,530,966. In the following two months the average price has remained the same with regard to the previous two months from ₱ 4,455,183.5 to ₱ 4,332,516. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 4,393,850 to ₱ 1,996,808, which means a 45 % fall.