The prices in real estate in Consolacion, 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.
The price per m² in Consolacion has increased strongly during the last 6 months. In April, the average price per m² was ₱ 39,970. In the following month the price per m² increased considerably to ₱ 51,319. In the following two months the price per m² has increased 107 %, going from ₱ 45,644.5 to ₱ 48,966 per m². The price per m² has decreased 94 % 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 ₱ 47,305.25 to ₱ 44,424 during August, and September.
Based upon to the price in Consolacion (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is ₱ 7,457,207. During May the price went through a considerable rise reaching ₱ 10,661,398. During the following two months (June, July) the average price fell 86 % 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 ₱ 8,422,848 to ₱ 6,991,173, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,329,541 they are 57 % more affordable than the average price for Consolacion. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,457,448.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 39,817 / m², with an average ₱ 42,802 / m² price in Consolacion. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 49,464 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 6,329,541 it is 18 % cheaper than the average price in Consolacion. "House And Lot" is seen as the second most affordable property type. The dearest property type is "House" followed by "House And Lot". At a price of ₱ 6,554,899 it is 10 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 16,573 / m² followed by "Townhouse" priced at ₱ 44,472 / m². "House" is the most costly type of property with a ₱ 49,383 / m² cost followed by "Townhouse" with an average price of ₱ 44,472 / m².