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 April, the average price per m² was ₱ 29,286. In the following month the price per m² increased considerably to ₱ 56,168. The price for the following two months in (June, July) had a considerable decrease of 74 with regard to the prior two months. The price per m² has decreased 88 % 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 ₱ 37,215.25 to ₱ 32,732 during August, and September.
Based upon to the price in Bacoor (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is ₱ 2,986,385. During May the price went through a considerable rise reaching ₱ 5,199,699. During the following two months (June, July) the average price had a considerable reduction of 68 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from ₱ 3,428,013 to ₱ 2,977,441.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 3,220,618 they are 46 % more affordable than the average price for Bacoor. The properties with the highest average price have 4 bedrooms, Their price is 99 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 4,023,313.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 31,481 / m², with an average ₱ 34,433 / m² price in Bacoor. The properties with the highest average prices have 1 bedroom. They are 268 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 48,620 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 3,220,618 it is 17 % cheaper than the average price in Bacoor. "House" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "Lot". At a price of ₱ 4,940,908 it is 62 % 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 ₱ 20,353 / m² followed by "House" priced at ₱ 33,184 / m². "Condominium" is the most costly type of property with a ₱ 80,365 / m² cost followed by "Lot" with an average price of ₱ 52,947 / m².
