The prices in real estate in Minglanilla, 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 Minglanilla has remained the same in the last 6 months. In October, the average price per m² was ₱ 64,599. In the following month the price per m² increased to ₱ 68,940. In the following two months the price per m² has barely changed, going from ₱ 66,769.5 to ₱ 65,912 per m². The price per m² has had a considerable deflation of 80 % 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 ₱ 66,340.75 to ₱ 53,103.5 during February, and March.
Based upon to the price in Minglanilla (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 6,941,915. In November This price remains at ₱ 7,159,083. During the following two months (December, January) the average price fell 92 % 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 ₱ 6,760,245.5 to ₱ 5,011,234, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,777,479 they are 44 % more affordable than the average price for Minglanilla. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,510,116.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 55,131 / m², with an average ₱ 46,357 / m² price in Minglanilla. The properties with the highest average prices have 1 bedroom. They are 145 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 63,554 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 4,777,479 it is 36 % cheaper than the average price in Minglanilla. "Commercial Lot" is seen as the second most affordable property type. The dearest property type is "House" followed by "House And Lot". At a price of ₱ 6,438,701 it is 45 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 17,456 / m² followed by "House And Lot" priced at ₱ 56,509 / m². "Condominium" is the most costly type of property with a ₱ 110,930 / m² cost followed by "Commercial Lot" with an average price of ₱ 87,829 / m².
