The prices in real estate in Butuan City, in the Butuan 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 Butuan City has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 75,550. In October this price pretty much remained the same at a value of ₱ 78,659 per m². In the following two months the price per m² has barely changed, going from ₱ 77,104.5 to ₱ 75,938.5 per m². The price per m² has had a considerable deflation of 56 % 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 ₱ 76,521.5 to ₱ 43,207.5 during January, and February.
Based upon to the price in Butuan City (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is ₱ 5,800,405. In October This price remains at ₱ 5,987,676. During the following two months (November, December) the price has had an average incrementation from ₱ 5,894,040.5 to ₱ 6,306,666.5. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 6,100,353.5 to ₱ 4,168,919, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 4,630,236 they are 15 % more affordable than the average price for Butuan City. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 6,417,375.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 81,152 / m², with an average ₱ 49,665 / m² price in Butuan City. The properties with the highest average prices have 1 bedroom. They are 303 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 87,868 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 4,630,236 it is 7 % cheaper than the average price in Butuan City. "House" is seen as the second most affordable property type. The dearest property type is "Condominium" followed by "House". At a price of ₱ 6,368,084 it is 60 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 43,501 / m² followed by "House" priced at ₱ 83,802 / m². "Condominium" is the most costly type of property with a ₱ 202,013 / m² cost followed by "House" with an average price of ₱ 83,802 / m².