The prices in real estate in Mandaue City, in the Mandaue 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 Mandaue City has remained the same in the last 6 months. In December, the average price per m² was ₱ 98,550. In the following month the price per m² decreased to ₱ 84,855. In the following two months the price per m² has barely changed, going from ₱ 91,702.5 to ₱ 91,416 per m². The price per m² has had a considerable increase of 128 % 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 ₱ 91,559.25 to ₱ 117,623 during April, and May.
Based upon to the price in Mandaue City (cities), this has fallen considerably in the last 6 months. The average price for December is ₱ 5,593,417. During January the price had a considerable reduction till ₱ 4,080,794. During the following two months (February, March) the average price fell 86 % 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 risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of ₱ 5,612,010 they are 0 % more expensive than the average price for Mandaue City. Following this ranking we find those properties with 1 at an average price of ₱ 5,693,521. The properties with the highest average price have 2 bedrooms, Their price is 122 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,274,746.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 48,654 / m², with an average ₱ 127,784 / m² price in Mandaue City. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 119,462 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 5,612,010 it is 14 % cheaper than the average price in Mandaue City. "House" is seen as the second most affordable property type. The cheapest type property is "Condominium" followed by "House". At a price of ₱ 5,097,521 it is 6 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 50,990 / m² followed by "House" priced at ₱ 53,027 / m². "Condominium" is the most costly type of property with a ₱ 141,166 / m² cost followed by "House" with an average price of ₱ 53,027 / m².