The prices in real estate in Cavite, in the Cavite 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 Cavite has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 49,154. In November this price pretty much remained the same at a value of ₱ 49,308 per m². The price for the following two months in (December, January) decreased 85 % with regard to the prior two months. The price per m² has had a considerable deflation of 81 % 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 ₱ 45,654.5 to ₱ 36,865 during February, and March.
Based upon to the price in Cavite (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₱ 12,780,289. During November the price went through a considerable rise reaching ₱ 15,014,214. During the following two months (December, January) the average price had a considerable increase of 131 % 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 92 %, going from ₱ 16,044,142 to ₱ 14,764,034 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 14,963,922 they are 90 % more affordable than the average price for Cavite. The properties with the highest average price have 4 bedrooms, Their price is 139 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 11,347,758.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of ₱ 55,771 / m², with an average ₱ 37,266 / m² price in Cavite. The properties with the highest average prices have 4 bedrooms. They are 200 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 104,684 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 14,963,922 it is 92 % cheaper than the average price in Cavite. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "House". At a price of ₱ 18,699,262 it is 1480 % 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 ₱ 25,000 / m² followed by "Commercial Lot" priced at ₱ 31,231 / m². "House" is the most costly type of property with a ₱ 98,403 / m² cost followed by "Townhouse" with an average price of ₱ 81,110 / m².
