The prices in real estate in Mandaue, in the Cebu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Mandaue has increased during the last 6 months. In November, the average price per m² was ₱ 142,040. In the following month the price per m² increased to ₱ 154,267. In the following two months the price per m² has increased 106 %, going from ₱ 148,153.5 to ₱ 157,203 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 ₱ 152,678.25 to ₱ 153,546.5 during March y April
Based upon to the price in Mandaue (cities), this has fallen considerably in the last 6 months. The average price for November is ₱ 11,238,046. During December the price had a considerable reduction till ₱ 6,339,273. During the following two months (January, February) the average price had a considerable reduction of 66 % 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 ₱ 7,312,860.5 to ₱ 5,989,573, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,273,190 they are 10 % more affordable than the average price for Mandaue. The properties with the highest average price have 3 bedrooms, Their price is 339 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 27,114,022.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 98,910 / m², with an average ₱ 151,974 / m² price in Mandaue. The properties with the highest average prices have 3 bedrooms. They are 57 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 164,433 / m².
The graph displaying the average prices displays the property type "Condominium" as the most costly one. At an cost of ₱ 6,273,190 it is 13 % more expensive than the average price in Mandaue. "Townhouse" is seen as the second dearest property type. The dearest property type is "Lot" followed by "Industrial Lot". At a price of ₱ 115,800,315 it is 5723 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Industrial Lot" at an average cost of ₱ 30,504 / m² followed by "Townhouse" priced at ₱ 66,992 / m². "Condominium" is the most costly type of property with a ₱ 171,740 / m² cost followed by "Commercial Lot" with an average price of ₱ 140,165 / m².
