The prices in real estate in Cavite City, 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 Cavite City has had a strong decrease during the last 6 months. In May, the average price per m² was ₱ 34,357. In the following month the price per m² decreased considerably to ₱ 23,699. The price for the following two months in (July, August) had a considerable decrease of 79 with regard to the prior two months. 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 ₱ 25,992.5 to ₱ 26,478.5 during September y October
Based upon to the price in Cavite City (cities), this has fallen considerably in the last 6 months. The average price for May is ₱ 6,087,703. During June the price had a considerable reduction till ₱ 2,457,381. During the following two months (July, August) the average price had a considerable reduction of 47 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 3,144,107 and ₱ 3,289,622 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 3,202,485 they are 45 % more affordable than the average price for Cavite City. The properties with the highest average price have 4 bedrooms, Their price is 203 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 2,788,427.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 30,607 / m², with an average ₱ 25,099 / m² price in Cavite City. The properties with the highest average prices have 1 bedroom. They are 155 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 55,168 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 3,202,485 it is 52 % cheaper than the average price in Cavite City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of ₱ 3,101,629 it is 107 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 6,487 / m² followed by "Office" priced at ₱ 12,740 / m². "House And Lot" is the most costly type of property with a ₱ 33,718 / m² cost followed by "Townhouse" with an average price of ₱ 32,642 / m².