The prices in real estate in Butuan City, in the Butuan City 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 Butuan City has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 78,659. In November this price pretty much remained the same at a value of ₱ 81,672 per m². The price for the following two months in (December, January) had a considerable decrease of 67 with regard to the prior two months. 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 ₱ 66,821.5 to ₱ 50,573 during February, and March.
Based upon to the price in Butuan City (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 5,987,676. In November This price remains at ₱ 6,042,672. During the following two months (December, January) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from ₱ 5,577,153 to ₱ 4,960,842.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,291,449 they are 25 % more affordable than the average price for Butuan City. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 6,410,957.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 81,070 / m², with an average ₱ 51,481 / m² price in Butuan City. The properties with the highest average prices have 1 bedroom. They are 288 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 87,780 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 5,291,449 it is 19 % cheaper than the average price in Butuan City. "House" is seen as the second most affordable property type. The dearest property type is "Condominium" followed by "House". At a price of ₱ 6,361,715 it is 40 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 43,457 / m² followed by "House" priced at ₱ 83,718 / m². "Condominium" is the most costly type of property with a ₱ 201,810 / m² cost followed by "House" with an average price of ₱ 83,718 / m².
