The prices in real estate in Bacoor, in the Cavite 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 Bacoor has increased strongly during the last 6 months. In July, the average price per m² was ₱ 32,001. In August this price pretty much remained the same at a value of ₱ 31,031 per m². The price for the following two months in (September, October) had a considerable increment of 132 %. The price per m² has had a considerable increase of 136 % 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 ₱ 36,527.5 to ₱ 49,586.5 during November, and December.
Based upon to the price in Bacoor (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is ₱ 2,666,525. In August This price remains at ₱ 2,734,265. During the following two months (September, October) the average price had a considerable increase of 159 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 141 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,094,940 they are 22 % more affordable than the average price for Bacoor. The properties with the highest average price have 4 bedrooms, Their price is 182 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,928,355.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 61,827 / m², with an average ₱ 52,946 / m² price in Bacoor. The properties with the highest average prices have 1 bedroom. They are 191 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 77,995 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 5,094,940 it is 43 % cheaper than the average price in Bacoor. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "House And Lot". At a price of ₱ 5,204,469 it is 36 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 20,290 / m² followed by "Townhouse" priced at ₱ 51,345 / m². "Condominium" is the most costly type of property with a ₱ 123,719 / m² cost followed by "House" with an average price of ₱ 57,381 / m².
