Property prices for sale in Lapu-lapu (Cebu)
The prices in real estate in Lapu-lapu, in the Cebu 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 Lapu-lapu has had a strong decrease during the last 6 months. In March, the average price per m² was ₱ 139,431. In the following month the price per m² increased to ₱ 156,969. The price for the following two months in (May, June) had a considerable decrease of 70 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 ₱ 126,105.75 to ₱ 113,421.5 during July, and August.
Based upon to the price in Lapu-lapu (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is ₱ 5,196,098. During April the price went through a considerable rise reaching ₱ 8,074,227. During the following two months (May, June) the price has had an average incrementation from ₱ 6,635,162.5 to ₱ 7,289,188. Based on an analysis of the first four prices and the last two months the average price has risen strongly 148 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 13,173,727 they are 52 % more affordable than the average price for Lapu-lapu. The properties with the highest average price have 3 bedrooms, Their price is 119 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 12,318,004.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 70,559 / m², with an average ₱ 126,770 / m² price in Lapu-lapu. The properties with the highest average prices have 3 bedrooms. They are 45 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 150,723 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 13,173,727 it is 52 % cheaper than the average price in Lapu-lapu. "Lot" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Apartment". At a price of ₱ 41,825,847 it is 330 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 20,928 / m² followed by "Condominium" priced at ₱ 140,551 / m². "Villa" is the most costly type of property with a ₱ 326,211 / m² cost followed by "Apartment" with an average price of ₱ 263,992 / m².
