The prices in real estate in Mabalacat, in the Pampanga 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 Mabalacat has remained the same in the last 6 months. In October, the average price per m² was ₱ 47,579. In the following month the price per m² decreased to ₱ 43,530. In the following two months the price per m² has increased 113 %, going from ₱ 45,554.5 to ₱ 51,571 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 ₱ 48,562.75 to ₱ 50,303.5 during February y March
Based upon to the price in Mabalacat (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 12,113,854. During November the price had a considerable reduction till ₱ 9,826,537. During the following two months (December, January) the average price had a considerable reduction of 83 % 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 ₱ 10,023,410 to ₱ 7,103,972, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,744,160 they are 36 % more affordable than the average price for Mabalacat. The properties with the highest average price have 4 bedrooms, Their price is 85 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,020,149.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 39,972 / m², with an average ₱ 47,577 / m² price in Mabalacat. The properties with the highest average prices have 1 bedroom. They are 65 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 60,497 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 6,744,160 it is 55 % cheaper than the average price in Mabalacat. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Condominium". At a price of ₱ 14,497,050 it is 704 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 26,230 / m² followed by "Townhouse" priced at ₱ 28,467 / m². "Villa" is the most costly type of property with a ₱ 145,468 / m² cost followed by "Condominium" with an average price of ₱ 128,371 / m².
