The prices in real estate in Imus, in the Cavite 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 Imus has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 61,404. In the following month the price per m² decreased to ₱ 53,777. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per m² has had a considerable deflation of 80 % 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 ₱ 55,571.25 to ₱ 44,529.5 during February, and March.
Based upon to the price in Imus (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 7,554,698. During November the price had a slight fall till ₱ 7,064,550. During the following two months (December, January) the average price had a considerable reduction of 70 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 6,196,052 to ₱ 3,323,941.5, which means a 54 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 2,307,568 they are 26 % more affordable than the average price for Imus. The properties with the highest average price have 4 bedrooms, Their price is 204 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 3,653,758.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 24,678 / m², with an average ₱ 29,355 / m² price in Imus. The properties with the highest average prices have 1 bedroom. They are 304 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 41,407 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 2,307,568 it is 23 % cheaper than the average price in Imus. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 17,522,357 it is 1675 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 23,600 / m² followed by "House And Lot" priced at ₱ 35,752 / m². "Condominium" is the most costly type of property with a ₱ 130,300 / m² cost followed by "Commercial Lot" with an average price of ₱ 93,946 / m².
