The prices in real estate in Bacolod City, in the Bacolod City region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Bacolod City has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 24,135. In the following month the price per m² decreased considerably to ₱ 13,309. The price for the following two months in (November, December) had a considerable decrease of 43 with regard to the prior two months. The price per m² has had a considerable deflation of 72 % 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 ₱ 13,379.75 to ₱ 9,608 during January, and February.
Based upon to the price in Bacolod City (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 6,340,453. During October the price had a considerable reduction till ₱ 4,217,289. During the following two months (November, December) the average price had a considerable reduction of 72 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 4,550,980 to ₱ 3,552,503.5, which means a 78 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of ₱ 4,467,600 in Bacolod City. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (₱ 15,891 / m²) in Bacolod City. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Bacolod City we can see that the cheapest property type is "House And Lot" at a price of ₱ 4,467,600, they are 0 % more affordable than the average price of (!PRECIO2!). "House And Lot" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House And Lot with an average price of ₱ 15,891 / m². "House And Lot" with an average cost of ₱ 15,891 / m² has the lowest price and would be directed at less affluent cities.