The prices in real estate in Panglao, in the Bohol 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 Panglao has fallen in the last 6 months. In January, the average price per m² was ₱ 59,172. In the following month the price per m² decreased considerably to ₱ 46,934. In the following two months the price per m² has barely changed, going from ₱ 53,053 to ₱ 52,576 per m². The price per m² has increased 109 % 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 ₱ 52,814.5 to ₱ 57,326 during May, and June.
Based upon to the price in Panglao (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is ₱ 7,066,367. During February the price went through a considerable rise reaching ₱ 10,917,277. During the following two months (March, April) the average price had a considerable increase of 126 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 10,140,526 and ₱ 10,250,200 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 10,279,782 they are 65 % more affordable than the average price for Panglao. The properties with the lowest average price have 3 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 4 bedrooms priced at ₱ 6,281,175.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 39,467 / m², with an average ₱ 57,638 / m² price in Panglao. The properties with the highest average prices have 1 bedroom. They are 67 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 54,272 / m².
With regard to the average price based upon the property in Panglao we can see that the cheapest property type is "House And Lot" at a price of ₱ 3,629,490, they are 65 % more affordable than the average price of (!PRECIO2!). "House And Lot" has the lowest price. This price is 65 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House And Lot with an average price of ₱ 50,649 / m². "House And Lot" with an average cost of ₱ 50,649 / m² has the lowest price and would be directed at less affluent cities.