The prices in real estate in Dumaguete, in the Negros Oriental region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Dumaguete has increased strongly during the last 6 months. In October, the average price per m² was ₱ 54,856. In the following month the price per m² increased to ₱ 59,367. The price for the following two months in (December, January) had a considerable increment of 123 %. The price per m² has had a considerable increase of 116 % 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 ₱ 63,748.25 to ₱ 73,873.5 during February, and March.
Based upon to the price in Dumaguete (cities), this has fallen considerably in the last 6 months. The price in October is ₱ 11,382,759, rising in November till ₱ 12,145,313. During the following two months (December, January) the average price had a considerable reduction of 82 % 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 ₱ 10,727,538 to ₱ 8,272,970, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 7,639,891 they are 42 % more affordable than the average price for Dumaguete. The properties with the highest average price have 3 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 8,548,671.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 70,986 / m², with an average ₱ 81,009 / m² price in Dumaguete. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 83,950 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 7,639,891 it is 2 % cheaper than the average price in Dumaguete. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial Lot". At a price of ₱ 9,340,705 it is 87 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Lot" at an average cost of ₱ 45,269 / m² followed by "House" priced at ₱ 76,798 / m². "Apartment" is the most costly type of property with a ₱ 161,291 / m² cost followed by "Condominium" with an average price of ₱ 82,943 / m².
