The prices in real estate in Lapu-lapu, in the Cebu region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Lapu-lapu has remained the same in the last 6 months. In November, the average price per m² was ₱ 145,664. In December this price pretty much remained the same at a value of ₱ 148,570 per m². In the following two months the price per m² has barely changed, going from ₱ 147,117 to ₱ 149,207 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 148,162 to ₱ 148,200 during March y April
Based upon to the price in Lapu-lapu (cities), this has fallen considerably in the last 6 months. The average price for November is ₱ 14,732,765. During December the price had a considerable reduction till ₱ 6,275,112. During the following two months (January, February) the average price had a considerable reduction of 59 % 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 ₱ 8,340,318 to ₱ 6,635,162.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 8,074,227 they are 28 % more affordable than the average price for Lapu-lapu. The properties with the highest average price have 3 bedrooms, Their price is 538 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 38,333,333.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 106,481 / m², with an average ₱ 156,969 / m² price in Lapu-lapu. The properties with the highest average prices have 3 bedrooms. They are 88 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 166,280 / m².
The graph displaying the average prices displays the property type "Condominium" as the most costly one. At an cost of ₱ 8,074,227 it is 57 % more expensive than the average price in Lapu-lapu. "House" is seen as the second dearest property type. The dearest property type is "Lot" followed by "Villa". At a price of ₱ 56,928,266 it is 1447 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 24,923 / m² followed by "House" priced at ₱ 72,240 / m². "Villa" is the most costly type of property with a ₱ 327,521 / m² cost followed by "Apartment" with an average price of ₱ 251,880 / m².
