The average price in the Mandaue City region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per m² in Mandaue City has risen considerably in the last 6 months. During October, the average price per m² was ₱ 116,117. In November the price pretty much stayed the same at ₱ 111,584 per m². The following two months (December, January) there has been a deflation of 94 % 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 76 %. This has been obtained by comparing the price of ₱ 110,226.75 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 84,000.5 per m² for the last two months (February, March).
Based upon to the price in Mandaue City(region), these have remained the same in the last 6 months. In the first month sample October the average price is ₱ 7,007,893. In November the price was the same at ₱ 7,237,900. The average price for the following two months (December, January) increased from ₱ 7,122,896.5 to ₱ 7,532,033.5. During the last two months the price has reduced 94 % compared to the previous average values going from ₱ 7,327,465 a ₱ 6,895,243.5 in February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the dearest ones. They are 44 % more expensive than the average price in Mandaue City followed by those properties with 2 with an average price of ₱ 8,325,971. The most costly properties have 4 bedrooms. They are 163 % more expensive than the average followed by those properties with 3 bedrooms priced at ₱ 12,371,346.
Based on the average price per m² those properties with 4 bedrooms are the dearest ones with a price of ₱ 73,624 / m² being ₱ 68,598 / m² the average value within the Mandaue City region. The properties with the most expensive average price are those with 1 bedroom. These are 162 % more costly than the average followed by those with 2 bedrooms with a price of ₱ 121,864 / m².
The graph displaying the average price according to the property type shows "Apartment" as the most costly one. With an average cost of ₱ 4,996,056 it is 20 % more expensive than the average in Mandaue City. This is followed by "Townhouse" with a price of ₱ 6,391,354. The dearest property type is "Lot" and is 759 % more expensive than the average, followed by "House" with a cost of ₱ 10,815,752.
Based on the average cost per m² the cheapest property type is "Lot with a an average cost of ₱ 46,524 / m², followed by "House And Lot" with a price of ₱ 58,917 / m². "Condominium" with an average price of ₱ 183,791 / m² is the most costly type of property followed by "Apartment" at a price of ₱ 98,731 / m².
