The prices in real estate in Calamba, in the Laguna region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Calamba has increased strongly during the last 6 months. In October, the average price per m² was ₱ 48,095. In the following month the price per m² increased to ₱ 50,537. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per m² has had a considerable increase of 125 % 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 ₱ 54,392.5 to ₱ 67,879 during February, and March.
Based upon to the price in Calamba (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 15,431,187. During November the price had a slight fall till ₱ 13,997,025. During the following two months (December, January) the average price had a considerable reduction of 72 % 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 ₱ 12,646,060 to ₱ 6,758,435, which means a 53 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 3,785,738 they are 16 % more affordable than the average price for Calamba. The properties with the highest average price have 4 bedrooms, Their price is 388 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 9,157,712.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 47,186 / m², with an average ₱ 62,001 / m² price in Calamba. The properties with the highest average prices have 1 bedroom. They are 102 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 102,623 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 3,785,738 it is 15 % cheaper than the average price in Calamba. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 20,250,263 it is 1137 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 34,048 / m² followed by "House And Lot" priced at ₱ 38,672 / m². "Condominium" is the most costly type of property with a ₱ 183,787 / m² cost followed by "Townhouse" with an average price of ₱ 67,398 / m².
