The prices in real estate in Caloocan, in the Metro Manila 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 Caloocan has had a strong decrease during the last 6 months. In June, the average price per m² was ₱ 95,478. In the following month the price per m² decreased considerably to ₱ 67,955. The price for the following two months in (August, September) had a considerable decrease of 74 with regard to the prior two months. The price per m² has had a considerable increase of 133 % 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 ₱ 71,239.5 to ₱ 95,032.5 during October, and November.
Based upon to the price in Caloocan (cities), this has fallen considerably in the last 6 months. The average price for June is ₱ 30,187,046. During July the price had a considerable reduction till ₱ 12,999,288. During the following two months (August, September) the price has had an average incrementation from ₱ 21,593,168 to ₱ 23,115,620. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from ₱ 22,354,394 to ₱ 19,326,598 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of ₱ 14,631,359 they are 71 % more affordable than the average price for Caloocan. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 5,060,200.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 43,300 / m², with an average ₱ 95,413 / m² price in Caloocan. The properties with the highest average prices have 1 bedroom. They are 68 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 85,240 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 14,631,359 it is 73 % cheaper than the average price in Caloocan. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Industrial Lot". At a price of ₱ 134,245,620 it is 1020 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 47,774 / m² followed by "Lot" priced at ₱ 59,439 / m². "Condominium" is the most costly type of property with a ₱ 147,133 / m² cost followed by "Industrial Lot" with an average price of ₱ 109,285 / m².
