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 February, the average price per m² was ₱ 50,350. In the following month the price per m² decreased considerably to ₱ 38,048. In the following two months the price per m² has barely changed, going from ₱ 44,199 to ₱ 45,644.5 per m². The price per m² has increased 109 % 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 ₱ 44,921.75 to ₱ 48,966 during June, and July.
Based upon to the price in Consolacion (cities), this has fallen considerably in the last 6 months. The average price for February is ₱ 11,422,022. During March the price had a considerable reduction till ₱ 7,566,456. In the following two months the average price has remained the same with regard to the previous two months from ₱ 9,494,239 to ₱ 9,059,302. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 9,276,770 to ₱ 7,786,394, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 7,017,711 they are 61 % more affordable than the average price for Consolacion. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,466,377.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 39,897 / m², with an average ₱ 45,949 / m² price in Consolacion. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 49,564 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 7,017,711 it is 26 % 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 ₱ 6,568,030 it is 1 % 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 ₱ 16,607 / m² followed by "Townhouse" priced at ₱ 44,562 / m². "House" is the most costly type of property with a ₱ 49,483 / m² cost followed by "Townhouse" with an average price of ₱ 44,562 / m².