The prices in real estate in Cordova, in the Cebu region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Cordova has had a strong decrease during the last 6 months. In December, the average price per m² was ₱ 28,618. In January this price pretty much remained the same at a value of ₱ 27,719 per m². The price for the following two months in (February, March) had a considerable decrease of 47 with regard to the prior two months. The price per m² has had a considerable increase of 133 % 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 ₱ 20,722 to ₱ 27,663 during April, and May.
Based upon to the price in Cordova (cities), this has fallen considerably in the last 6 months. The average price for December is ₱ 3,279,585. During January the price had a slight fall till ₱ 2,933,050. During the following two months (February, March) the average price had a considerable reduction of 36 % 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 137 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 29 % more costly than the average price of ₱ 3,997,737 in Cordova. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 29 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 107 % more costly than the average price of (₱ 54,639 / m²) in Cordova. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 107 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Cordova we can see that most expensive property type is "House And Lot" at a price of ₱ 3,997,737, they are 29 % more costly than the average price of (!PRECIO2!). "House And Lot" has the highest price. This price is 29 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House And Lot with an average price of ₱ 54,639 / m². "House And Lot" at an average price of ₱ 54,639 / m² has the most expensive price and would be directed at more affluent cities.