The prices in real estate in Caloocan, in the Metro Manila region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Caloocan has fallen in the last 6 months. In April, the average price per m² was ₱ 48,401. In May this price pretty much remained the same at a value of ₱ 47,569 per m². The price for the following two months in (June, July) decreased 88 % with regard to the prior two months. 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 ₱ 45,082 to ₱ 45,787 during August y September
Based upon to the price in Caloocan (cities), this has gone downing the last 6 months. The average price for April is ₱ 3,804,306. During May the price had a slight fall till ₱ 3,435,645. During the following two months (June, July) the average price had a considerable reduction of 83 % 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 gone up 114 % 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 ₱ 3,330,462 they are 34 % more affordable than the average price for Caloocan. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,344,487.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 42,689 / m², with an average ₱ 44,421 / m² price in Caloocan. The properties with the highest average prices have 1 bedroom. They are 173 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 44,385 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 3,330,462 it is 31 % cheaper than the average price in Caloocan. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Condominium" followed by "Townhouse". At a price of ₱ 3,660,009 it is 70 % 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 ₱ 19,626 / m² followed by "House" priced at ₱ 40,494 / m². "Condominium" is the most costly type of property with a ₱ 111,354 / m² cost followed by "Apartment" with an average price of ₱ 77,728 / m².
