The prices in real estate in Balamban, in the Cebu region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Balamban has remained the same in the last 6 months. In January, the average price per m² was ₱ 44,519. In February this price pretty much remained the same at a value of ₱ 46,187 per m². In the following two months the price per m² has barely changed, going from ₱ 45,353 to ₱ 45,647.5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 45,500.25 to ₱ 43,741 during May y June
Based upon to the price in Balamban (cities), this has gone downing the last 6 months. In our first sample month during January, the average price is ₱ 10,694,741. In February This price remains at ₱ 10,189,592. During the following two months (March, April) the average price fell 95 % 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 93 %, going from ₱ 10,161,804 to ₱ 9,466,028 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 8,640,712 they are 93 % more affordable than the average price for Balamban. The properties with the highest average price have 4 bedrooms, Their price is 95 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 10,972,034.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 19,209 / m², with an average ₱ 42,528 / m² price in Balamban. The properties with the highest average prices have 4 bedrooms. They are 30 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 50,192 / m².
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of ₱ 8,640,712 it is 25 % more expensive than the average price in Balamban. "House And Lot" is seen as the second dearest property type. The dearest property type is "House And Lot" followed by "House". At a price of ₱ 10,811,004 it is 51 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of ₱ 47,489 / m² followed by "House And Lot" priced at ₱ 52,141 / m². "House And Lot" is the most costly type of property with a ₱ 52,141 / m² cost followed by "House" with an average price of ₱ 47,489 / m².