The average price in the Lipa 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 Lipa City has risen in the last 6 months. During October, the average price per m² was ₱ 44,418. The following month the price decreased to ₱ 42,153 per m². The price per m² for the following two months practically stayed the same, going from ₱ 43,285.5 to ₱ 43,614.5 per m². In the last two months, the price per m² has had a significant decrease of 82 %. This has been obtained by comparing the price of ₱ 43,450 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 35,524 per m² for the last two months (February, March).
Based upon to the price in Lipa City (region), this has decreased in the last 6 months. In the first month sample October the average price is ₱ 7,088,957. In November the price was the same at ₱ 7,379,873. In the following two months the average price didn't change much compared to the previous two going from ₱ 7,234,415 to ₱ 7,051,827.5. During the last two months the price has had a considerable reduction of 61 % with respect to the previous four months going from ₱ 7,143,121 a ₱ 4,377,060.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 52 % more affordable than the average price in Lipa City followed by those with 2 with an average price of ₱ 2,103,140. The most costly properties have 4 bedrooms. They are 106 % more expensive than the average followed by those properties with 3 bedrooms priced at ₱ 3,823,727.
Based on the average price per m² those properties with 2 bedrooms are the dearest ones with a price of ₱ 33,193 / m² being ₱ 31,479 / m² the average value within the Lipa City region. The properties with the most expensive average price are those with 4 bedrooms. These are 77 % more costly than the average followed by those with 1 bedroom with a price of ₱ 52,045 / m².
The graph displaying the average price according to the property type shows "Townhouse" as the cheapest one. With an average cost of ₱ 3,353,093 it is 44 % more affordable than the average in Lipa City. This is followed by "House" with a price of ₱ 3,562,487. The dearest property type is "Commercial Lot" and is 7709 % more expensive than the average, followed by "Lot" with a cost of ₱ 25,949,806.
Based on the average cost per m² the most costly property type is "Lot with a an average price of ₱ 32,180 / m², followed by "House" with a price of ₱ 33,659 / m². "Condominium" with an average price of ₱ 177,423 / m² is the most costly type of property followed by "Commercial Lot" at a price of ₱ 81,597 / m².
