The prices in real estate in Baguio City, in the Baguio City 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 Baguio City has had a strong decrease during the last 6 months. In November, the average price per m² was ₱ 107,766. In the following month the price per m² decreased considerably to ₱ 54,444. The price for the following two months in (January, February) had a considerable decrease of 52 with regard to the prior two months. The price per m² has decreased 89 % 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 ₱ 61,609.5 to ₱ 54,784.5 during March, and April.
Based upon to the price in Baguio City (cities), this has fallen considerably in the last 6 months. The average price for November is ₱ 5,556,826. During December the price had a considerable reduction till ₱ 3,242,361. During the following two months (January, February) the average price fell 93 % 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 gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of ₱ 4,815,257 they are 0 % more expensive than the average price for Baguio City. Following this ranking we find those properties with 2 at an average price of ₱ 6,083,053. The properties with the highest average price have 4 bedrooms, Their price is 180 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 10,251,591.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 65,807 / m², with an average ₱ 47,718 / m² price in Baguio City. The properties with the highest average prices have 1 bedroom. They are 196 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 108,399 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 4,815,257 it is 57 % cheaper than the average price in Baguio City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "House". At a price of ₱ 13,670,645 it is 2385 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 20,914 / m² followed by "Condominium" priced at ₱ 47,289 / m². "Commercial Lot" is the most costly type of property with a ₱ 118,154 / m² cost followed by "Townhouse" with an average price of ₱ 90,388 / m².
