The prices in real estate in Compostela, in the Cebu 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 Compostela has fallen in the last 6 months. In July, the average price per m² was ₱ 66,107. In the following month the price per m² decreased considerably to ₱ 55,048. The price for the following two months in (September, October) decreased 90 % with regard to the prior two months. The price per m² has increased 110 % 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 ₱ 57,582 to ₱ 63,110 during November, and December.
Based upon to the price in Compostela (cities), this has gone downing the last 6 months. The average price for July is ₱ 4,622,269. During August the price had a slight fall till ₱ 3,958,572. During the following two months (September, October) the average price had a considerable reduction of 77 % 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 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,877,909 they are 53 % more affordable than the average price for Compostela. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 1 bedroom priced at ₱ 4,138,757.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 32,174 / m², with an average ₱ 69,136 / m² price in Compostela. The properties with the lowest average prices have 2 bedrooms. They are 10 % cheaper than the average followed by properties with 4 bedrooms with a price at ₱ 59,041 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 6,877,909 it is 46 % cheaper than the average price in Compostela. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "House And Lot". At a price of ₱ 3,709,970 it is 39 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 47,557 / m² followed by "House" priced at ₱ 66,193 / m². "House" is the cheapest type of property with a ₱ 66,193 / m² value followed by "House And Lot" with an average price of ₱ 47,557 / m².