The prices in real estate in Cordova, 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 Cordova has fallen in the last 6 months. In October, the average price per m² was ₱ 56,973. In November this price pretty much remained the same at a value of ₱ 54,766 per m². The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per m² has decreased 90 % 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 ₱ 54,162.5 to ₱ 48,878 during February, and March.
Based upon to the price in Cordova (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 5,384,318. In November This price remains at ₱ 5,138,655. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from ₱ 5,127,763 to ₱ 4,763,520 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 4,799,130 they are 31 % more affordable than the average price for Cordova. The properties with the highest average price have 3 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 4,736,929.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 50,148 / m², with an average ₱ 48,833 / m² price in Cordova. The properties with the highest average prices have 1 bedroom. They are 205 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 60,100 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 4,799,130 it is 9 % cheaper than the average price in Cordova. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Condominium". At a price of ₱ 4,801,194 it is 12 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 21,892 / m² followed by "House" priced at ₱ 43,842 / m². "Condominium" is the most costly type of property with a ₱ 163,250 / m² cost followed by "House" with an average price of ₱ 43,842 / m².
