The prices in real estate in Minglanilla, in the Cebu region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Minglanilla has fallen in the last 6 months. In September, the average price per m² was ₱ 62,360. In October this price pretty much remained the same at a value of ₱ 61,295 per m². The price for the following two months in (November, December) decreased 90 % with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 58,658.25 to ₱ 57,702 during January y February
Based upon to the price in Minglanilla (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is ₱ 5,137,657. In October This price remains at ₱ 5,384,728. In the following two months the average price has remained the same with regard to the previous two months from ₱ 5,261,192.5 to ₱ 5,370,974. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 ₱ 5,628,826 they are 38 % more affordable than the average price for Minglanilla. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,529,648.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 58,485 / m², with an average ₱ 57,386 / m² price in Minglanilla. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 66,449 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 5,628,826 it is 48 % cheaper than the average price in Minglanilla. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 6,529,856 it is 203 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 10,793 / m² followed by "Townhouse" priced at ₱ 53,856 / m². "Condominium" is the most costly type of property with a ₱ 92,897 / m² cost followed by "Commercial Lot" with an average price of ₱ 68,105 / m².
