The prices in real estate in Malabon, in the Metro Manila 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 Malabon has remained the same in the last 6 months. In August, the average price per m² was ₱ 96,401. In the following month the price per m² decreased to ₱ 89,344. In the following two months the price per m² has barely changed, going from ₱ 92,872.5 to ₱ 91,295 per m². The price per m² has increased 105 % 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 ₱ 92,083.75 to ₱ 97,103.5 during December, and January.
Based upon to the price in Malabon (cities), this has fallen considerably in the last 6 months. In our first sample month during August, the average price is ₱ 22,970,450. In September This price remains at ₱ 23,969,188. During the following two months (October, November) the average price had a considerable reduction of 74 % 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 ₱ 20,380,528 to ₱ 13,087,508, which means a 64 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 10,846,647 they are 48 % more affordable than the average price for Malabon. The properties with the highest average price have 4 bedrooms, Their price is 167 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 8,376,875.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 75,195 / m², with an average ₱ 98,575 / m² price in Malabon. The properties with the highest average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 104,744 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 10,846,647 it is 39 % cheaper than the average price in Malabon. "Apartment" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Commercial Lot". At a price of ₱ 35,297,998 it is 2826 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 36,692 / m² followed by "Commercial Lot" priced at ₱ 60,276 / m². "Condominium" is the most costly type of property with a ₱ 110,695 / m² cost followed by "Apartment" with an average price of ₱ 106,290 / m².
