The average price in the Butuan City region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per m² in Butuan City has risen considerably in the last 6 months. During October, the average price per m² was ₱ 78,659. In November the price pretty much stayed the same at ₱ 81,672 per m². The following two months (December, January) went through a considerable deflation of 67 % in the price per m² with regard to the previous two. In the last two months, the price per m² has had a significant decrease of 76 %. This has been obtained by comparing the price of ₱ 66,821.5 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 50,573 per m² for the last two months (February, March).
Based upon to the price in Butuan City (region), this has decreased in the last 6 months. In the first month sample October the average price is ₱ 5,987,676. In November the price was the same at ₱ 6,042,672. The average price for the following two months (December, January) decreased 85 % compared to the prior two. During the last two months the price has reduced 89 % compared to the previous average values going from ₱ 5,577,153 a ₱ 4,960,842.5 in February and March.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 25 % more affordable than the average price in Butuan City followed by those with 3 with an average price of ₱ 5,748,381. The most costly properties have 4 bedrooms. They are 45 % more expensive than the average followed by those properties with 1 bedroom priced at ₱ 6,410,957.
Based on the average price per m² those properties with 3 bedrooms are the dearest ones with a price of ₱ 81,070 / m² being ₱ 51,481 / m² the average value within the Butuan City region. The properties with the most expensive average price are those with 1 bedroom. These are 288 % more costly than the average followed by those with 2 bedrooms with a price of ₱ 87,780 / m².
The graph displaying the average price according to the property type shows "House And Lot" as the cheapest one. With an average cost of ₱ 5,291,449 it is 19 % more affordable than the average in Butuan City. This is followed by "House" with a price of ₱ 6,361,715. The dearest property type is "Condominium" and is 40 % more expensive than the average, followed by "House" with a cost of ₱ 6,361,715.
Based on the average cost per m² the cheapest property type is "House And Lot with a an average cost of ₱ 43,457 / m², followed by "House" with a price of ₱ 83,718 / m². "Condominium" with an average price of ₱ 201,810 / m² is the most costly type of property followed by "House" at a price of ₱ 83,718 / m².
