The prices in real estate in Meycauayan, in the Bulacan 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 Meycauayan has increased strongly during the last 6 months. In December, the average price per m² was ₱ 43,552. In January this price pretty much remained the same at a value of ₱ 44,659 per m². The price for the following two months in (February, March) had a considerable increment of 122 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 48,940.5 to ₱ 51,346 during April y May
Based upon to the price in Meycauayan (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is ₱ 3,539,953. In January This price remains at ₱ 3,364,198. During the following two months (February, March) the average price had a considerable increase of 124 % 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 gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 4,259,553 they are 50 % more affordable than the average price for Meycauayan. The properties with the highest average price have 4 bedrooms, Their price is 91 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,537,240.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 43,526 / m², with an average ₱ 50,360 / m² price in Meycauayan. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 58,920 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 4,259,553 it is 55 % cheaper than the average price in Meycauayan. "Farm House" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "House And Lot". At a price of ₱ 5,352,974 it is 3893 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Lot" at an average cost of ₱ 31,317 / m² followed by "Farm House" priced at ₱ 33,834 / m². "House And Lot" is the most costly type of property with a ₱ 60,731 / m² cost followed by "House" with an average price of ₱ 53,977 / m².