The prices in real estate in Talisay, in the Cebu region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Talisay has had a strong decrease during the last 6 months. In May, the average price per m² was ₱ 54,003. In the following month the price per m² decreased to ₱ 46,347. The price for the following two months in (July, August) had a considerable decrease of 76 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 ₱ 44,134.5 to ₱ 45,600.5 during September y October
Based upon to the price in Talisay (cities), this has fallen considerably in the last 6 months. The average price for May is ₱ 6,574,753. During June the price had a considerable reduction till ₱ 4,873,102. During the following two months (July, August) the average price had a considerable reduction of 77 % 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 138 % 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 ₱ 7,419,794 they are 57 % more affordable than the average price for Talisay. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,881,294.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 52,841 / m², with an average ₱ 45,034 / m² price in Talisay. The properties with the highest average prices have 1 bedroom. They are 136 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 60,973 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 7,419,794 it is 54 % cheaper than the average price in Talisay. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "House And Lot". At a price of ₱ 9,772,493 it is 55 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Farm House" at an average cost of ₱ 5,536 / m² followed by "House And Lot" priced at ₱ 34,162 / m². "Condominium" is the most costly type of property with a ₱ 104,443 / m² cost followed by "Commercial Lot" with an average price of ₱ 65,043 / m².