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 October, the average price per m² was ₱ 42,936. In the following month the price per m² increased considerably to ₱ 64,453. The price for the following two months in (December, January) had a considerable increment of 122 %. The price per m² has had a considerable increase of 134 % 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 ₱ 59,486.5 to ₱ 79,748 during February, and March.
Based upon to the price in Malabon (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 16,477,601. During November the price had a slight fall till ₱ 14,610,103. During the following two months (December, January) the average price had a considerable increase of 121 % 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 ₱ 17,207,332 to ₱ 2,919,469.5, which means a 17 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 2,761,812 they are 40 % more affordable than the average price for Malabon. The properties with the highest average price have 4 bedrooms, Their price is 449 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 7,898,908.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 30,374 / m², with an average ₱ 79,016 / m² price in Malabon. The properties with the highest average prices have 2 bedrooms. They are 116 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 77,607 / 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 ₱ 15,152,482, they are 449 % more costly than the average price of (!PRECIO2!). "Condominium" has the highest price. This price is 449 % 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 ₱ 30,374 / m². "Condominium" with an average cost of ₱ 30,374 / m² has the lowest price and would be directed at less affluent cities.
