The prices in real estate in Consolacion, in the Cebu region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Consolacion has remained the same in the last 6 months. In December, the average price per m² was ₱ 54,568. In January this price pretty much remained the same at a value of ₱ 55,277 per m². In the following two months the price per m² has barely changed, going from ₱ 54,922.5 to ₱ 55,853.5 per m². The price per m² has decreased 90 % 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 ₱ 55,388 to ₱ 49,637 during April, and May.
Based upon to the price in Consolacion (cities), this has fallen considerably in the last 6 months. The average price for December is ₱ 10,910,610. During January the price had a slight fall till ₱ 10,224,214. During the following two months (February, March) the average price had a considerable reduction of 83 % 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 ₱ 9,675,041 to ₱ 6,758,258.5, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,831,244 they are 50 % more affordable than the average price for Consolacion. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,961,344.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 42,022 / m², with an average ₱ 46,803 / m² price in Consolacion. The properties with the highest average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 48,817 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 5,831,244 it is 12 % cheaper than the average price in Consolacion. "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 ₱ 7,463,956 it is 43 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 44,112 / m² followed by "House" priced at ₱ 50,688 / m². "House And Lot" is the most costly type of property with a ₱ 55,508 / m² cost followed by "House" with an average price of ₱ 50,688 / m².