Housing costs

The wife and I are casually looking at homes in her families home province of Albay. We’ve been married for 26 years and we still reside in the U.S. She will need to obtain dual citizenship before we could ever purchase and we are about 5-7 years away from even thinking of retiring and moving. I’m saying all this to avoid the obvious comments.

The subject of my post here is this, are the prices listed online for homes legit? We were looking at Camilla homes Legaszpi existing homes and they list for around $300,000-$400,000 USD! Are people really paying that much for tiny 15 year old homes in the province? Is that just a price hoping for a negotiation?

Just wondering, is that really the state of the real estate market in the province? Not Makati or Cebu, but Legaszpi Albay. 400k for an existing home. Seems crazy to me.