The prices in real estate in Mandaue, in the Cebu region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Mandaue has increased strongly during the last 6 months. In February, the average price per m² was ₱ 74,716. In the following month the price per m² increased considerably to ₱ 119,279. The price for the following two months in (April, May) had a considerable increment of 137 %. The price per m² has increased 106 % 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 ₱ 115,184.25 to ₱ 121,572 during June, and July.
Based upon to the price in Mandaue (cities), this has fallen considerably in the last 6 months. The average price for February is ₱ 8,093,682. During March the price had a considerable reduction till ₱ 3,883,070. During the following two months (April, May) the average price had a considerable increase of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 ₱ 6,429,455 they are 53 % more affordable than the average price for Mandaue. The properties with the highest average price have 4 bedrooms, Their price is 109 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 8,726,890.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 63,762 / m², with an average ₱ 113,611 / m² price in Mandaue. The properties with the highest average prices have 2 bedrooms. They are 18 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 113,864 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,429,455 it is 35 % cheaper than the average price in Mandaue. "Office" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of ₱ 9,048,204 it is 179 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 50,922 / m² followed by "Apartment" priced at ₱ 59,700 / m². "Condominium" is the most costly type of property with a ₱ 133,997 / m² cost followed by "Office" with an average price of ₱ 97,513 / m².