The prices in real estate in Dumaguete City, in the Dumaguete City region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Dumaguete City has fallen in the last 6 months. In October, the average price per m² was ₱ 53,713. In November this price pretty much remained the same at a value of ₱ 51,179 per m². The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per m² has decreased 94 % 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 ₱ 49,822.25 to ₱ 46,845.5 during February, and March.
Based upon to the price in Dumaguete City (cities), this has gone up in the last 6 months. The average price for October is ₱ 8,955,423. During November the price had a slight fall till ₱ 7,982,977. During the following two months (December, January) the price has had an average incrementation from ₱ 8,469,200 to ₱ 9,666,626. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 11,527,929 they are 62 % more affordable than the average price for Dumaguete City. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 11,633,030.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 14,298 / m², with an average ₱ 45,721 / m² price in Dumaguete City. The properties with the highest average prices have 3 bedrooms. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 53,717 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 11,527,929 it is 24 % cheaper than the average price in Dumaguete City. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 12,123,181 it is 175 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 7,308 / m² followed by "House" priced at ₱ 44,074 / m². "Condominium" is the most costly type of property with a ₱ 121,008 / m² cost followed by "House And Lot" with an average price of ₱ 55,698 / m².
