The prices in real estate in Carcar, in the Cebu 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 Carcar has increased strongly during the last 6 months. In October, the average price per m² was ₱ 32,138. In the following month the price per m² increased considerably to ₱ 39,095. The price for the following two months in (December, January) had a considerable increment of 118 %. The price per m² has decreased 86 % 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 ₱ 38,873 to ₱ 33,576 during February, and March.
Based upon to the price in Carcar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₱ 1,780,327. During November the price went through a considerable rise reaching ₱ 2,161,153. During the following two months (December, January) the average price had a considerable increase of 120 % 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 145 % 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 ₱ 3,618,892 they are 64 % more affordable than the average price for Carcar. The properties with the lowest average price have 4 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 3 bedrooms priced at ₱ 2,863,253.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 30,748 / m², with an average ₱ 33,299 / m² price in Carcar. The properties with the highest average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 41,890 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 3,618,892 it is 44 % cheaper than the average price in Carcar. "House" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Commercial Lot". At a price of ₱ 2,846,155 it is 294 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 17,091 / m² followed by "Commercial Lot" priced at ₱ 40,561 / m². "House" is the most costly type of property with a ₱ 42,471 / m² cost followed by "Townhouse" with an average price of ₱ 41,969 / m².
