The prices in real estate in Silang, in the Cavite 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 Silang has remained the same in the last 6 months. In July, the average price per m² was ₱ 56,648. In the following month the price per m² increased considerably to ₱ 67,523. In the following two months the price per m² has barely changed, going from ₱ 62,085.5 to ₱ 63,802.5 per m². 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 ₱ 62,944 to ₱ 47,783.5 during November, and December.
Based upon to the price in Silang (cities), this has fallen considerably in the last 6 months. The average price for July is ₱ 15,144,658. During August the price had a slight fall till ₱ 14,206,561. During the following two months (September, October) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 12,945,886 to ₱ 6,449,340, which means a 50 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 5,169,717 they are 54 % more affordable than the average price for Silang. The properties with the highest average price have 3 bedrooms, Their price is 102 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 9,136,163.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of ₱ 50,808 / m², with an average ₱ 40,076 / m² price in Silang. The properties with the highest average prices have 2 bedrooms. They are 102 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 71,855 / m².
The graph displaying the average prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 5,169,717 it is 51 % cheaper than the average price in Silang. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condominium" followed by "Lot". At a price of ₱ 15,468,619 it is 398 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Condominium" at an average cost of ₱ 6,946 / m² followed by "Lot" priced at ₱ 20,552 / m². "Villa" is the most costly type of property with a ₱ 88,384 / m² cost followed by "Commercial Lot" with an average price of ₱ 43,842 / m².