The prices in real estate in Binangonan, in the Rizal region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Binangonan has increased during the last 6 months. In December, the average price per m² was ₱ 38,986. In the following month the price per m² increased to ₱ 41,531. In the following two months the price per m² has increased 114 %, going from ₱ 40,258.5 to ₱ 46,091 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 43,174.75 to ₱ 42,203.5 during April y May
Based upon to the price in Binangonan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is ₱ 3,459,403. During January the price went through a considerable rise reaching ₱ 4,007,833. During the following two months (February, March) the average price had a considerable increase of 124 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 172 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 9,082,949 they are 78 % more affordable than the average price for Binangonan. The properties with the highest average price have 4 bedrooms, Their price is 147 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 3,460,118.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 38,193 / m², with an average ₱ 40,740 / m² price in Binangonan. The properties with the highest average prices have 1 bedroom. They are 89 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 50,065 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 9,082,949 it is 76 % 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 ₱ 2,774,656 it is 54 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 11,529 / m² followed by "House And Lot" priced at ₱ 18,273 / m². "Condominium" is the most costly type of property with a ₱ 54,749 / m² cost followed by "House" with an average price of ₱ 42,305 / m².