The prices in real estate in Danao, in the Cebu region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Danao has remained the same in the last 6 months. In July, the average price per m² was ₱ 42,794. In August this price pretty much remained the same at a value of ₱ 42,964 per m². In the following two months the price per m² has barely changed, going from ₱ 42,879 to ₱ 41,057 per m². The price per m² has decreased 95 % 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 ₱ 41,968 to ₱ 39,725.5 during November, and December.
Based upon to the price in Danao (cities), these have remained the same in the last 6 months. The price in July is ₱ 4,555,857, rising in August till ₱ 5,012,975. In the following two months the average price has remained the same with regard to the previous two months from ₱ 4,784,416 to ₱ 4,781,591.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from ₱ 4,783,004 to ₱ 4,272,738.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,076,265 they are 37 % more affordable than the average price for Danao. The properties with the highest average price have 3 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 4,009,868.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 27,422 / m², with an average ₱ 39,123 / m² price in Danao. The properties with the highest average prices have 3 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 43,406 / m².
With regard to the average price based upon the property in Danao we can see that most expensive property type is "House" at a price of ₱ 4,882,365, they are 20 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 20 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of ₱ 42,882 / m². "House" at an average price of ₱ 42,882 / m² has the most expensive price and would be directed at more affluent cities.