The prices in real estate in Malolos, in the Bulacan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Malolos has increased during the last 6 months. In October, the average price per m² was ₱ 26,301. In the following month the price per m² increased to ₱ 28,659. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per m² has decreased 86 % 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 ₱ 30,250.75 to ₱ 26,063.5 during February, and March.
Based upon to the price in Malolos (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 4,847,141. During November the price had a slight fall till ₱ 4,489,354. In the following two months the average price has remained the same with regard to the previous two months from ₱ 4,668,247.5 to ₱ 4,830,829.5. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 4,749,538.5 to ₱ 3,103,672, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 3,215,558 they are 34 % more affordable than the average price for Malolos. The properties with the highest average price have 1 bedroom, Their price is 116 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 3,692,416.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 28,159 / m², with an average ₱ 25,209 / m² price in Malolos. The properties with the highest average prices have 1 bedroom. They are 596 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 30,475 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 3,215,558 it is 20 % cheaper than the average price in Malolos. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Condominium". At a price of ₱ 6,685,279 it is 436 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 16,816 / m² followed by "House" priced at ₱ 24,750 / m². "Condominium" is the most costly type of property with a ₱ 199,188 / m² cost followed by "Townhouse" with an average price of ₱ 84,396 / m².
