The prices in real estate in Iloilo City, in the Iloilo 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 Iloilo City has remained the same in the last 6 months. In July, the average price per m² was ₱ 75,091. In the following month the price per m² increased to ₱ 79,159. The price for the following two months in (September, October) decreased 87 % with regard to the prior two months. The price per m² has had a considerable increase of 125 % 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 ₱ 72,041 to ₱ 89,892 during November, and December.
Based upon to the price in Iloilo City (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is ₱ 3,263,587. In August This price remains at ₱ 3,237,190. During the following two months (September, October) the average price had a considerable increase of 140 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 3,899,767.75 and ₱ 4,005,037 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of ₱ 3,856,338 they are 20 % more affordable than the average price for Iloilo City. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 3,271,353.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 53,652 / m², with an average ₱ 102,905 / m² price in Iloilo City. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 92,220 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 3,856,338 it is 3 % cheaper than the average price in Iloilo City. "Lot" is seen as the second most affordable property type. The dearest property type is "House" followed by "Lot". At a price of ₱ 4,331,005 it is 14 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 56,310 / m² followed by "Lot" priced at ₱ 58,139 / m². "Condominium" is the most costly type of property with a ₱ 135,816 / m² cost followed by "Lot" with an average price of ₱ 58,139 / m².