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 July, the average price per m² was ₱ 43,849. In the following month the price per m² increased to ₱ 46,935. In the following two months the price per m² has increased 110 %, going from ₱ 45,392 to ₱ 49,736.5 per m². The price per m² has increased 114 % 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 ₱ 47,564.25 to ₱ 54,420.5 during November, and December.
Based upon to the price in Consolacion (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is ₱ 6,257,646. During August the price went through a considerable rise reaching ₱ 7,523,298. In the following two months the average price has remained the same with regard to the previous two months from ₱ 6,890,472 to ₱ 7,111,334. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 ₱ 8,764,412 they are 69 % more affordable than the average price for Consolacion. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at ₱ 4,497,770.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 40,182 / m², with an average ₱ 53,003 / m² price in Consolacion. The properties with the highest average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 49,914 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 8,764,412 it is 41 % 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 ₱ 6,614,194 it is 20 % 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 ₱ 16,726 / m² followed by "Townhouse" priced at ₱ 44,877 / m². "House" is the cheapest type of property with a ₱ 49,833 / m² value followed by "Townhouse" with an average price of ₱ 44,877 / m².