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 September, the average price per m² was ₱ 42,222. In the following month the price per m² increased considerably to ₱ 51,467. In the following two months the price per m² has increased 107 %, going from ₱ 46,844.5 to ₱ 50,115 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 48,479.75 to ₱ 47,010 during January y February
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 September, is ₱ 4,817,227. During October the price went through a considerable rise reaching ₱ 6,756,744. During the following two months (November, December) the average price had a considerable increase of 139 % 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 gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,348,138 they are 73 % more affordable than the average price for Consolacion. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,025,003.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 50,377 / m², with an average ₱ 44,592 / m² price in Consolacion. The properties with the highest average prices have 4 bedrooms. They are 56 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 61,471 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 6,348,138 it is 44 % cheaper than the average price in Consolacion. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 10,579,390 it is 602 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 14,473 / m² followed by "Commercial Lot" priced at ₱ 28,419 / m². "Condominium" is the most costly type of property with a ₱ 75,280 / m² cost followed by "House" with an average price of ₱ 65,754 / m².