The prices in real estate in Binangonan, in the Rizal 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 Binangonan has remained the same in the last 6 months. In December, the average price per m² was ₱ 38,834. In the following month the price per m² increased to ₱ 41,496. In the following two months the price per m² has barely changed, going from ₱ 40,165 to ₱ 38,355.5 per m². The price per m² has decreased 90 % 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 ₱ 39,260.25 to ₱ 35,320.5 during April, and May.
Based upon to the price in Binangonan (cities), this has fallen considerably in the last 6 months. The average price for December is ₱ 26,260,060. During January the price had a slight fall till ₱ 24,113,769. During the following two months (February, March) the average price had a considerable reduction of 70 % 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 ₱ 21,421,354 to ₱ 9,436,746, which means a 44 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 7,145,846 they are 72 % more affordable than the average price for Binangonan. The properties with the highest average price have 4 bedrooms, Their price is 210 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 3,418,818.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 37,732 / m², with an average ₱ 33,374 / m² price in Binangonan. The properties with the highest average prices have 1 bedroom. They are 128 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 49,463 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 7,145,846 it is 70 % cheaper than the average price in Binangonan. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 2,741,536 it is 94 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 11,385 / m² followed by "House And Lot" priced at ₱ 18,045 / m². "Condominium" is the most costly type of property with a ₱ 54,089 / m² cost followed by "House" with an average price of ₱ 41,793 / m².
