The prices in real estate in Consolacion, 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 Consolacion has fallen in the last 6 months. In October, the average price per m² was ₱ 52,447. In the following month the price per m² increased to ₱ 55,838. In the following two months the price per m² has barely changed, going from ₱ 54,142.5 to ₱ 52,319 per m². The price per m² has had a considerable deflation of 83 % 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 ₱ 53,230.75 to ₱ 44,199 during February, and March.
Based upon to the price in Consolacion (cities), this has gone up considerably in the last 6 months. The average price for October is ₱ 7,131,579. During November the price had a slight fall till ₱ 6,429,834. During the following two months (December, January) the average price had a considerable increase of 137 % 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 118 % 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 ₱ 7,566,456 they are 64 % more affordable than the average price for Consolacion. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 3 bedrooms priced at ₱ 4,484,289.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 40,059 / m², with an average ₱ 38,048 / m² price in Consolacion. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 49,764 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 7,566,456 it is 31 % cheaper than the average price in Consolacion. "House And Lot" is seen as the second most affordable property type. The cheapest type property is "House" followed by "House And Lot". At a price of ₱ 6,594,370 it is 8 % 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 ₱ 16,675 / m² followed by "Townhouse" priced at ₱ 44,742 / m². "House" is the most costly type of property with a ₱ 49,683 / m² cost followed by "Townhouse" with an average price of ₱ 44,742 / m².