The prices in real estate in Marikina, 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 Marikina has remained the same in the last 6 months. In December, the average price per m² was ₱ 63,411. In the following month the price per m² increased to ₱ 70,180. In the following two months the price per m² has barely changed, going from ₱ 66,795.5 to ₱ 67,188.5 per m². The price per m² has had a considerable deflation of 85 % 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 ₱ 66,992 to ₱ 56,639 during April, and May.
Based upon to the price in Marikina (cities), this has gone up considerably in the last 6 months. The price in December is ₱ 4,661,152, rising in January till ₱ 4,987,938. During the following two months (February, March) the average price had a considerable increase of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 5,866,882 they are 49 % more affordable than the average price for Marikina. The properties with the highest average price have 4 bedrooms, Their price is 147 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 7,953,707.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 61,343 / m², with an average ₱ 56,244 / m² price in Marikina. The properties with the highest average prices have 1 bedroom. They are 97 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 71,975 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of ₱ 5,866,882 it is 5 % more expensive than the average price in Marikina. "Townhouse" is seen as the second dearest property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 40,418,950 it is 1544 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Apartment" at an average cost of ₱ 56,545 / m² followed by "Townhouse" priced at ₱ 58,421 / m². "Commercial Lot" is the most costly type of property with a ₱ 77,385 / m² cost followed by "House" with an average price of ₱ 72,308 / m².
