The prices in real estate in Talisay, in the Cebu 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 Talisay has fallen in the last 6 months. In October, the average price per m² was ₱ 64,976. In November this price pretty much remained the same at a value of ₱ 64,923 per m². In the following two months the price per m² has barely changed, going from ₱ 64,949.5 to ₱ 61,987.5 per m². The price per m² has decreased 88 % 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 ₱ 63,468.5 to ₱ 55,916.5 during February, and March.
Based upon to the price in Talisay (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 12,357,010. In November This price remains at ₱ 12,769,438. In the following two months the average price has remained the same with regard to the previous two months from ₱ 12,563,224 to ₱ 11,954,216. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 12,258,720 to ₱ 8,224,330.5, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,022,578 they are 24 % more affordable than the average price for Talisay. The properties with the highest average price have 4 bedrooms, Their price is 134 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 8,223,843.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 58,882 / m², with an average ₱ 45,827 / m² price in Talisay. The properties with the highest average prices have 1 bedroom. They are 200 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 78,204 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,022,578 it is 18 % cheaper than the average price in Talisay. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 16,439,333 it is 2321 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 16,764 / m² followed by "House" priced at ₱ 43,482 / m². "Condominium" is the most costly type of property with a ₱ 142,117 / m² cost followed by "Commercial Lot" with an average price of ₱ 120,277 / m².
