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 August, the average price per m² was ₱ 51,149. In the following month the price per m² decreased to ₱ 45,779. In the following two months the price per m² has barely changed, going from ₱ 48,464 to ₱ 47,866 per m². The price per m² has increased 107 % 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 ₱ 48,165 to ₱ 51,480 during December, and January.
Based upon to the price in Marikina (cities), these have remained the same in the last 6 months. The average price for August is ₱ 5,195,733. During September the price had a slight fall till ₱ 4,876,803. In the following two months the average price has remained the same with regard to the previous two months from ₱ 5,036,268 to ₱ 5,223,079. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 ₱ 5,593,386 they are 32 % more affordable than the average price for Marikina. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,366,900.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 44,027 / m², with an average ₱ 51,591 / m² price in Marikina. The properties with the highest average prices have 1 bedroom. They are 104 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 74,310 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 5,593,386 it is 28 % cheaper than the average price in Marikina. "Condominium" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "House". At a price of ₱ 5,799,553 it is 35 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Farm House" at an average cost of ₱ 8,713 / m² followed by "House And Lot" priced at ₱ 44,136 / m². "Condominium" is the most costly type of property with a ₱ 113,296 / m² cost followed by "Apartment" with an average price of ₱ 98,087 / m².
