The average price in the Lapu-lapu City region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per m² in Lapu-lapu City has risen in the last 6 months. During October, the average price per m² was ₱ 166,914. The following month (November) the price increased to ₱ 177,377 per m². The following two months (December, January) there has been a deflation of 95 % in the price per m² with regard to the previous two. In the last two months, the price per m² has had a significant decrease of 68 %. This has been obtained by comparing the price of ₱ 167,472 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 114,012.5 per m² for the last two months (February, March).
Based upon to the price in Lapu-lapu City(region), these have remained the same in the last 6 months. In the first month sample for October the average price is ₱ 17,583,928. During November it went through a strong inflation reaching ₱ 22,359,377 In the following two months the average price didn't change much compared to the previous two going from ₱ 19,971,652 to ₱ 19,888,944. During the last two months the price has had a considerable reduction of 63 % with respect to the previous four months going from ₱ 19,930,298 a ₱ 12,494,796.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 10 % more affordable than the average price in Lapu-lapu City followed by those with 4 with an average price of ₱ 10,017,681. The most costly properties have 2 bedrooms. They are 62 % more expensive than the average followed by those properties with 3 bedrooms priced at ₱ 10,389,222.
Based on the average price per m² those properties with 4 bedrooms are the cheapest ones with a price of ₱ 60,633 / m² being ₱ 72,348 / m² the average value within the Lapu-lapu City region. The properties with the most expensive average price are those with 1 bedroom. These are 95 % more costly than the average followed by those with 2 bedrooms with a price of ₱ 113,779 / m².
The graph displaying the average price according to the property type shows "House" as the cheapest one. With an average cost of ₱ 6,720,986 it is 42 % more affordable than the average in Lapu-lapu City. This is followed by "Townhouse" with a price of ₱ 3,946,986. The dearest property type is "Lot" and is 217 % more expensive than the average, followed by "Condominium" with a cost of ₱ 12,013,270.
Based on the average cost per m² the cheapest property type is "Lot with a an average cost of ₱ 17,699 / m², followed by "House" with a price of ₱ 28,899 / m². "Condominium" with an average price of ₱ 161,189 / m² is the most costly type of property followed by "Apartment" at a price of ₱ 143,910 / m².
