The prices in real estate in Malabon, in the Metro Manila 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 Malabon has increased strongly during the last 6 months. In February, the average price per m² was ₱ 85,569. In the following month the price per m² increased to ₱ 96,588. In the following two months the price per m² has increased 112 %, going from ₱ 91,078.5 to ₱ 101,973.5 per m². The price per m² has increased 112 % 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 ₱ 96,526 to ₱ 108,080.5 during June, and July.
Based upon to the price in Malabon (cities), this has fallen considerably in the last 6 months. The average price for February is ₱ 48,010,875. During March the price had a considerable reduction till ₱ 21,876,603. During the following two months (April, May) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from ₱ 28,697,100 to ₱ 26,253,622 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of ₱ 25,656,875 they are 85 % more affordable than the average price for Malabon. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 26,191,575.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 54,559 / m², with an average ₱ 108,755 / m² price in Malabon. The properties with the highest average prices have 2 bedrooms. They are 89 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 148,688 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 25,656,875 it is 88 % cheaper than the average price in Malabon. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Commercial Lot". At a price of ₱ 76,548,375 it is 1155 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 34,320 / m² followed by "Commercial Lot" priced at ₱ 50,369 / m². "Condominium" is the most costly type of property with a ₱ 200,709 / m² cost followed by "Apartment" with an average price of ₱ 75,644 / m².
