The prices in real estate in Lapu-lapu City, in the Lapu-lapu City 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 City has remained the same in the last 6 months. In October, the average price per m² was ₱ 85,758. In November this price pretty much remained the same at a value of ₱ 82,686 per m². The price for the following two months in (December, January) had a considerable increment of 121 %. The price per m² has had a considerable deflation of 73 % 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 ₱ 93,239 to ₱ 68,360.5 during February, and March.
Based upon to the price in Lapu-lapu City (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 8,338,138. In November This price remains at ₱ 8,252,834. During the following two months (December, January) the price has had an average incrementation from ₱ 8,295,486 to ₱ 9,536,862. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 8,916,174 to ₱ 5,306,595.5, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of ₱ 4,079,328 they are 18 % more expensive than the average price for Lapu-lapu City. Following this ranking we find those properties with 2 at an average price of ₱ 6,448,113. The properties with the highest average price have 4 bedrooms, Their price is 159 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 7,093,036.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 36,311 / m², with an average ₱ 35,313 / m² price in Lapu-lapu City. The properties with the highest average prices have 1 bedroom. They are 352 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 83,238 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 4,079,328 it is 7 % cheaper than the average price in Lapu-lapu City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 21,279,020 it is 1365 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 17,699 / m² followed by "House" priced at ₱ 29,202 / m². "Condominium" is the most costly type of property with a ₱ 149,562 / m² cost followed by "Apartment" with an average price of ₱ 123,807 / m².
