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 December, the average price per m² was ₱ 72,627. In January this price pretty much remained the same at a value of ₱ 73,699 per m². The price for the following two months in (February, March) had a considerable increment of 126 %. The price per m² has had a considerable deflation of 69 % 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 ₱ 82,662 to ₱ 56,793.5 during April, and May.
Based upon to the price in Malabon (cities), this has gone up in the last 6 months. The average price during our first sample month during December, is ₱ 6,572,044. During January the price went through a considerable rise reaching ₱ 9,736,434. During the following two months (February, March) the price has had an average incrementation from ₱ 8,154,239 to ₱ 8,855,036. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 8,504,638 to ₱ 4,720,695.5, which means a 56 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,526,261 they are 63 % more affordable than the average price for Malabon. The properties with the highest average price have 4 bedrooms, Their price is 230 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,143,698.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 29,941 / m², with an average ₱ 54,866 / m² price in Malabon. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 51,003 / m².
With regard to the average price based upon the property in Malabon we can see that most expensive property type is "Condominium" at a price of ₱ 14,941,715, they are 230 % more costly than the average price of (!PRECIO2!). "Condominium" has the highest price. This price is 230 % more expensive than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Condominium with an average price of ₱ 29,941 / m². "Condominium" with an average cost of ₱ 29,941 / m² has the lowest price and would be directed at less affluent cities.
