The prices in real estate in Bacoor, in the Cavite 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 Bacoor has had a strong decrease during the last 6 months. In June, the average price per m² was ₱ 109,469. In the following month the price per m² decreased considerably to ₱ 44,366. The price for the following two months in (August, September) had a considerable decrease of 67 with regard to the prior two months. The price per m² has decreased 94 % 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 ₱ 64,180.25 to ₱ 60,635.5 during October, and November.
Based upon to the price in Bacoor (cities), this has gone up in the last 6 months. The average price for June is ₱ 5,699,662. During July the price had a considerable reduction till ₱ 3,384,347. During the following two months (August, September) the average price had a considerable increase of 126 % 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 149 % 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 ₱ 8,448,959 they are 71 % more affordable than the average price for Bacoor. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,360,168.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 41,433 / m², with an average ₱ 61,318 / m² price in Bacoor. The properties with the highest average prices have 1 bedroom. They are 129 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 59,828 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 8,448,959 it is 50 % cheaper than the average price in Bacoor. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Commercial Lot". At a price of ₱ 23,385,642 it is 750 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Lot" at an average cost of ₱ 43,420 / m² followed by "Townhouse" priced at ₱ 52,787 / m². "Condominium" is the most costly type of property with a ₱ 181,112 / m² cost followed by "Lot" with an average price of ₱ 84,355 / m².
