The prices in real estate in Bacoor, in the Cavite region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Bacoor has increased strongly during the last 6 months. In September, the average price per m² was ₱ 47,239. In the following month the price per m² increased considerably to ₱ 59,953. The price for the following two months in (November, December) had a considerable increment of 139 %. 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 ₱ 63,937.25 to ₱ 62,757 during January y February
Based upon to the price in Bacoor (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is ₱ 5,035,284. During October the price went through a considerable rise reaching ₱ 6,903,843. During the following two months (November, December) the average price had a considerable increase of 168 % 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 ₱ 8,004,732 to ₱ 5,004,348, which means a 63 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 4,679,673 they are 58 % more affordable than the average price for Bacoor. The properties with the highest average price have 4 bedrooms, Their price is 80 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 5,202,808.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 34,910 / m², with an average ₱ 62,354 / m² price in Bacoor. The properties with the highest average prices have 1 bedroom. They are 156 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 53,744 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 4,679,673 it is 29 % cheaper than the average price in Bacoor. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Condominium". At a price of ₱ 41,300,000 it is 1495 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 37,796 / m² followed by "Commercial Lot" priced at ₱ 43,288 / m². "Condominium" is the most costly type of property with a ₱ 130,713 / m² cost followed by "Lot" with an average price of ₱ 94,070 / m².