The prices in real estate in Mandaue City, in the Mandaue City region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Mandaue City has fallen in the last 6 months. In October, the average price per m² was ₱ 116,117. In November this price pretty much remained the same at a value of ₱ 111,974 per m². The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per m² has had a considerable deflation of 76 % 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 ₱ 110,743.5 to ₱ 84,106.5 during February, and March.
Based upon to the price in Mandaue City (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is ₱ 7,023,397. In November This price remains at ₱ 7,360,654. In the following two months the average price has remained the same with regard to the previous two months from ₱ 7,192,025.5 to ₱ 7,548,558. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from ₱ 7,370,292 to ₱ 6,890,456 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of ₱ 4,986,481 they are 44 % more expensive than the average price for Mandaue City. Following this ranking we find those properties with 2 at an average price of ₱ 8,325,971. The properties with the highest average price have 4 bedrooms, Their price is 163 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 12,509,954.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 73,624 / m², with an average ₱ 68,810 / m² price in Mandaue City. The properties with the highest average prices have 1 bedroom. They are 162 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 121,864 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of ₱ 4,986,481 it is 20 % more expensive than the average price in Mandaue City. "Townhouse" is seen as the second dearest property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 10,922,677 it is 740 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 48,567 / m² followed by "House And Lot" priced at ₱ 58,917 / m². "Condominium" is the most costly type of property with a ₱ 183,791 / m² cost followed by "Apartment" with an average price of ₱ 98,731 / m².
