The prices in real estate in Mandaue, 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 Mandaue has remained the same in the last 6 months. In December, the average price per m² was ₱ 96,588. In the following month the price per m² decreased to ₱ 87,182. In the following two months the price per m² has increased 106 %, going from ₱ 91,885 to ₱ 97,836.5 per m². The price per m² has increased 111 % 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 ₱ 94,860.75 to ₱ 105,104.5 during April, and May.
Based upon to the price in Mandaue (cities), this has gone downing the last 6 months. The price in December is ₱ 9,250,821, rising in January till ₱ 10,166,544. During the following two months (February, March) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from ₱ 8,789,151 to ₱ 8,205,049 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 8,625,323 they are 42 % more affordable than the average price for Mandaue. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 7,361,449.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 66,788 / m², with an average ₱ 106,269 / m² price in Mandaue. The properties with the highest average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 111,560 / m².
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₱ 8,625,323 it is 45 % cheaper than the average price in Mandaue. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of ₱ 6,857,774 it is 33 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 54,620 / m² followed by "Apartment" priced at ₱ 65,554 / m². "Condominium" is the most costly type of property with a ₱ 139,428 / m² cost followed by "Office" with an average price of ₱ 98,895 / m².