The prices in real estate in Capas, in the Tarlac region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Capas has fallen in the last 6 months. In March, the average price per m² was ₱ 43,345. In April this price pretty much remained the same at a value of ₱ 41,811 per m². In the following two months the price per m² has barely changed, going from ₱ 42,578 to ₱ 43,219 per m². The price per m² has had a considerable deflation of 83 % 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 ₱ 42,898.5 to ₱ 35,701 during July, and August.
Based upon to the price in Capas (cities), this has gone up considerably in the last 6 months. The price in March is ₱ 1,817,694, rising in April till ₱ 1,975,871. During the following two months (May, June) the average price had a considerable increase of 118 % 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 124 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 2,175,403 they are 41 % more affordable than the average price for Capas. The properties with the highest average price have 3 bedrooms, Their price is 141 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 4,187,085.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 38,583 / m², with an average ₱ 27,131 / m² price in Capas. The properties with the highest average prices have 3 bedrooms. They are 96 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 44,619 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 2,175,403 it is 16 % cheaper than the average price in Capas. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "House And Lot". At a price of ₱ 1,823,796 it is 2 % 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 ₱ 23,525 / m² followed by "House" priced at ₱ 45,206 / m². "House" is the most costly type of property with a ₱ 45,206 / m² cost followed by "House And Lot" with an average price of ₱ 23,525 / m².