The prices in real estate in Compostela, in the Cebu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Compostela has increased during the last 6 months. In March, the average price per m² was ₱ 50,024. In the following month the price per m² decreased to ₱ 45,139. The price for the following two months in (May, June) had a considerable increment of 121 %. The price per m² has had a considerable increase of 115 % 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 ₱ 52,662 to ₱ 60,577.5 during July, and August.
Based upon to the price in Compostela (cities), this has gone up considerably in the last 6 months. The average price for March is ₱ 3,504,871. During April the price had a slight fall till ₱ 3,169,058. During the following two months (May, June) the average price had a considerable increase of 141 % 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 gone up 107 % 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 ₱ 3,958,572 they are 76 % more affordable than the average price for Compostela. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,427,845.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 24,964 / m², with an average ₱ 55,048 / m² price in Compostela. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 49,866 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 3,958,572 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 "Farm House". At a price of ₱ 2,123,583 it is 3 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Farm House" at an average cost of ₱ 35,166 / m² followed by "House" priced at ₱ 55,240 / m². "House" is the most costly type of property with a ₱ 55,240 / m² cost followed by "Farm House" with an average price of ₱ 35,166 / m².