The prices in real estate in Consolacion, in the Cebu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Consolacion has increased during the last 6 months. In October, the average price per m² was ₱ 53,918. In the following month the price per m² increased to ₱ 58,516. In the following two months the price per m² has increased 113 %, going from ₱ 56,217 to ₱ 63,773.5 per m². 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 ₱ 59,995.25 to ₱ 57,700.5 during February y March
Based upon to the price in Consolacion (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 8,700,000. In November This price remains at ₱ 8,714,550. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 8,394,341 and ₱ 7,981,167 between 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 ₱ 7,532,071 they are 73 % more affordable than the average price for Consolacion. The properties with the highest average price have 4 bedrooms, Their price is 72 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 7,338,583.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 51,650 / m², with an average ₱ 51,838 / m² price in Consolacion. The properties with the highest average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 63,105 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 7,532,071 it is 50 % cheaper than the average price in Consolacion. "Lot" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "House". At a price of ₱ 13,222,375 it is 423 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 14,610 / m² followed by "Townhouse" priced at ₱ 49,804 / m². "Condominium" is the most costly type of property with a ₱ 107,732 / m² cost followed by "House" with an average price of ₱ 66,378 / m².
