Property prices for sale in Cebu City (Cebu)

The prices in real estate in Cebu City, in the Cebu region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

₱ 6,477,991
Average price last 6 months
₱ 116,941.67
Price/m² last 6 months
Average price per m2

The price per m² in Cebu City has increased strongly during the last 6 months. In November, the average price per m² was ₱ 101,234. In the following month the price per m² increased considerably to ₱ 120,249. The price for the following two months in (January, February) had a considerable increment of 121 %. The price per m² has decreased 87 % 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 ₱ 122,343.25 to ₱ 106,138.5 during March, and April.

Average price

Based upon to the price in Cebu City (cities), this has gone downing the last 6 months. The average price for November is ₱ 7,244,499. During December the price had a considerable reduction till ₱ 5,888,894. During the following two months (January, February) the average price fell 94 % 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 ₱ 6,375,470 and ₱ 6,683,033 between March and April.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,965,869 they are 35 % more affordable than the average price for Cebu City. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,363,958.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 60,437 / m², with an average ₱ 117,498 / m² price in Cebu City. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 110,067 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 6,965,869 it is 13 % cheaper than the average price in Cebu City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House And Lot". At a price of ₱ 7,876,301 it is 213 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 35,979 / m² followed by "House" priced at ₱ 45,994 / m². "Condominium" is the most costly type of property with a ₱ 158,875 / m² cost followed by "Apartment" with an average price of ₱ 94,117 / m².

Charts data
Average price April
Average price per m² April
Number of properties used in Cebu City
Number of properties used in region Cebu
₱ 6,965,869
₱ 117,498
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value