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 January, the average price per m² was ₱ 69,968. In the following month the price per m² decreased to ₱ 65,360. In the following two months the price per m² has barely changed, going from ₱ 67,664 to ₱ 65,258 per m². The price per m² has decreased 86 % 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 ₱ 66,461 to ₱ 57,066.5 during May, and June.
Based upon to the price in Compostela (cities), this has fallen considerably in the last 6 months. The average price for January is ₱ 6,897,400. During February the price had a considerable reduction till ₱ 5,458,972. During the following two months (March, April) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 5,416,500 to ₱ 3,938,691, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 3,346,053 they are 15 % more affordable than the average price for Compostela. The properties with the highest average price have 4 bedrooms, Their price is 237 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 7,159,758.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 33,880 / m², with an average ₱ 55,335 / m² price in Compostela. The properties with the highest average prices have 4 bedrooms. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 53,883 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 3,346,053 it is 43 % cheaper than the average price in Compostela. "House" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "House". At a price of ₱ 5,052,694 it is 130 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 36,142 / m² followed by "House" priced at ₱ 60,442 / m². "House And Lot" is the most costly type of property with a ₱ 79,019 / m² cost followed by "House" with an average price of ₱ 60,442 / m².