The prices in real estate in Muntinlupa City, in the Rizal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Muntinlupa City has fallen in the last 6 months. In September, the average price per m² was ₱ 133,099. In the following month the price per m² decreased considerably to ₱ 106,996. The price for the following two months in (November, December) had a considerable decrease of 82 with regard to the prior two months. The price per m² has had a considerable increase of 142 % 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 ₱ 109,183.5 to ₱ 155,099.5 during January, and February.
Based upon to the price in Muntinlupa City (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 44,118,910. During October the price had a considerable reduction till ₱ 34,529,423. During the following two months (November, December) the average price had a considerable reduction of 56 % 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 159 % 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 ₱ 59,212,106 they are 90 % more affordable than the average price for Muntinlupa City. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 25,188,852.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 122,204 / m², with an average ₱ 170,921 / m² price in Muntinlupa City. The properties with the highest average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 178,425 / m².
The graph displaying the average prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 59,212,106 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 ₱ 49,138,992 it is 96 % 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 ₱ 48 / m² followed by "Lot" priced at ₱ 79,705 / m². "House" is the most costly type of property with a ₱ 204,289 / m² cost followed by "Condominium" with an average price of ₱ 171,549 / m².
