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 March, the average price per m² was ₱ 94,470. In the following month the price per m² decreased to ₱ 85,115. The price for the following two months in (May, June) had a considerable decrease of 74 with regard to the prior two months. The price per m² has had a considerable deflation of 48 % 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 ₱ 77,896 to ₱ 37,203 during July, and August.
Based upon to the price in Bacoor (cities), this has fallen considerably in the last 6 months. The average price for March is ₱ 9,165,342. During April the price had a slight fall till ₱ 8,651,780. During the following two months (May, June) the average price fell 87 % 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 ₱ 8,315,358 to ₱ 3,842,569.5, which means a 46 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of ₱ 4,235,961 they are 1 % more expensive than the average price for Bacoor. Following this ranking we find those properties with 1 at an average price of ₱ 4,757,333. The properties with the highest average price have 3 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 5,802,516.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 42,637 / m², with an average ₱ 39,479 / m² price in Bacoor. The properties with the highest average prices have 1 bedroom. They are 277 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 49,542 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 4,235,961 it is 5 % cheaper than the average price in Bacoor. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Condominium". At a price of ₱ 6,170,782 it is 89 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 39,113 / m² followed by "Lot" priced at ₱ 51,733 / m². "Condominium" is the most costly type of property with a ₱ 176,333 / m² cost followed by "Townhouse" with an average price of ₱ 91,441 / m².
