The prices in real estate in Minglanilla, in the Cebu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Minglanilla has increased during the last 6 months. In March, the average price per m² was ₱ 40,473. In the following month the price per m² increased to ₱ 43,206. The price for the following two months in (May, June) had a considerable increment of 120 %. The price per m² has had a considerable deflation of 76 % 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 ₱ 46,072.25 to ₱ 34,950 during July, and August.
Based upon to the price in Minglanilla (cities), this has gone up in the last 6 months. The price in March is ₱ 4,343,495, rising in April till ₱ 4,631,338. During the following two months (May, June) the price has had an average incrementation from ₱ 4,487,416.5 to ₱ 5,141,993.5. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 4,814,705 to ₱ 4,016,446, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,241,417 they are 61 % more affordable than the average price for Minglanilla. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,876,383.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 44,541 / m², with an average ₱ 34,469 / m² price in Minglanilla. The properties with the highest average prices have 4 bedrooms. They are 46 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 48,247 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 4,241,417 it is 14 % cheaper than the average price in Minglanilla. "House And Lot" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm House". At a price of ₱ 5,058,793 it is 30 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House And Lot" at an average cost of ₱ 40,218 / m² followed by "Townhouse" priced at ₱ 43,233 / m². "House" is the most costly type of property with a ₱ 51,670 / m² cost followed by "Farm House" with an average price of ₱ 43,398 / m².