The prices in real estate in Angeles City, in the Angeles City region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Angeles City has had a strong decrease during the last 6 months. In August, the average price per m² was ₱ 30,667. In the following month the price per m² decreased considerably to ₱ 17,105. The price for the following two months in (October, November) had a considerable decrease of 68 with regard to the prior two months. The price per m² has had a considerable increase of 189 % 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 ₱ 20,053 to ₱ 37,878.5 during December, and January.
Based upon to the price in Angeles City (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is ₱ 4,917,434. In September This price remains at ₱ 4,992,133. In the following two months the average price has remained the same with regard to the previous two months from ₱ 4,954,783.5 to ₱ 5,048,071.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 152 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of ₱ 6,488,517 they are 70 % more affordable than the average price for Angeles City. The properties with the lowest average price have 1 bedroom, Their price is 22 % cheaper than the average. After that we have properties with 4 bedrooms priced at ₱ 3,333,282.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 12,637 / m², with an average ₱ 29,452 / m² price in Angeles City. The properties with the highest average prices have 3 bedrooms. They are 266 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 87,158 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,488,517 it is 20 % cheaper than the average price in Angeles City. "House And 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 ₱ 6,962,184 it is 144 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 6,558 / m² followed by "House" priced at ₱ 44,634 / m². "Condominium" is the most costly type of property with a ₱ 63,678 / m² cost followed by "House" with an average price of ₱ 44,634 / m².