The prices in real estate in Muntinlupa City, in the Rizal region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Muntinlupa City has had a strong decrease during the last 6 months. In May, the average price per m² was ₱ 163,098. In the following month the price per m² increased to ₱ 173,249. The price for the following two months in (July, August) had a considerable decrease of 73 with regard to the prior two months. The price per m² has had a considerable deflation of 83 % 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 ₱ 145,484.75 to ₱ 120,047.5 during September, and October.
Based upon to the price in Muntinlupa City (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is ₱ 31,486,501. In June This price remains at ₱ 31,886,334. During the following two months (July, August) the average price had a considerable reduction of 60 % 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 155 % 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 ₱ 34,529,423 they are 84 % more affordable than the average price for Muntinlupa City. The properties with the highest average price have 4 bedrooms, Their price is 158 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 15,979,682.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 93,847 / m², with an average ₱ 106,996 / m² price in Muntinlupa City. The properties with the highest average prices have 4 bedrooms. They are 71 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 155,801 / m².
The graph displaying the average prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 34,529,423 it is 100 % cheaper than the average price in Muntinlupa City. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "Lot". At a price of ₱ 70,789,427 it is 168 % 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 ₱ 52 / m² followed by "Lot" priced at ₱ 92,683 / m². "House" is the most costly type of property with a ₱ 176,911 / m² cost followed by "Condominium" with an average price of ₱ 169,971 / m².