The prices in real estate in Malabon, in the Metro Manila region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Malabon has fallen in the last 6 months. In June, the average price per m² was ₱ 43,214. In the following month the price per m² decreased considerably to ₱ 25,814. The price for the following two months in (August, September) decreased 88 % with regard to the prior two months. The price per m² has had a considerable increase of 165 % 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 ₱ 32,523.75 to ₱ 53,694.5 during October, and November.
Based upon to the price in Malabon (cities), this has fallen considerably in the last 6 months. The average price for June is ₱ 38,520,178. During July the price had a slight fall till ₱ 36,283,114. During the following two months (August, September) the average price had a considerable reduction of 20 % 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 ₱ 22,352,034 to ₱ 15,543,852, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 14,610,103 they are 82 % more affordable than the average price for Malabon. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 4,876,754.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 30,498 / m², with an average ₱ 64,453 / m² price in Malabon. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 61,845 / 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 ₱ 15,213,246, they are 4 % more costly than the average price of (!PRECIO2!). "Condominium" has the highest price. This price is 4 % 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 ₱ 30,498 / m². "Condominium" with an average cost of ₱ 30,498 / m² has the lowest price and would be directed at less affluent cities.
