The prices in real estate in Lapu-lapu, 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 Lapu-lapu has remained the same in the last 6 months. In October, the average price per m² was ₱ 143,261. In November this price pretty much remained the same at a value of ₱ 145,664 per m². In the following two months the price per m² has barely changed, going from ₱ 144,462.5 to ₱ 148,165 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 146,313.75 to ₱ 145,042.5 during February y March
Based upon to the price in Lapu-lapu (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 14,203,507. In November This price remains at ₱ 14,732,765. During the following two months (December, January) the average price had a considerable reduction of 43 % 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 ₱ 10,376,700 to ₱ 5,627,038, which means a 54 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of ₱ 5,196,098 they are 5 % more expensive than the average price for Lapu-lapu. Following this ranking we find those properties with 2 at an average price of ₱ 9,296,407. The properties with the highest average price have 3 bedrooms, Their price is 686 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 30,472,163.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 92,045 / m², with an average ₱ 139,431 / m² price in Lapu-lapu. The properties with the highest average prices have 3 bedrooms. They are 68 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 147,853 / m².
The graph displaying the average prices displays the property type "Condominium" as the most costly one. At an cost of ₱ 5,196,098 it is 121 % more expensive than the average price in Lapu-lapu. "House" is seen as the second dearest property type. The dearest property type is "Lot" followed by "Villa". At a price of ₱ 56,985,253 it is 1807 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 21,139 / m² followed by "House" priced at ₱ 63,551 / m². "Villa" is the most costly type of property with a ₱ 327,849 / m² cost followed by "Apartment" with an average price of ₱ 217,827 / m².
