The prices in real estate in Pampanga, in the Pampanga 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 Pampanga has fallen in the last 6 months. In October, the average price per m² was ₱ 36,494. In November this price pretty much remained the same at a value of ₱ 34,927 per m². In the following two months the price per m² has barely changed, going from ₱ 35,710.5 to ₱ 35,053 per m². The price per m² has decreased 86 % 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 ₱ 35,381.75 to ₱ 30,303.5 during February, and March.
Based upon to the price in Pampanga (cities), this has gone up in the last 6 months. The average price for October is ₱ 3,305,881. During November the price had a considerable reduction till ₱ 2,349,255. During the following two months (December, January) the price has had an average incrementation from ₱ 2,827,568 to ₱ 3,031,474. Based on an analysis of the first four prices and the last two months the average price has risen strongly 161 % 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 ₱ 5,275,107 they are 67 % more affordable than the average price for Pampanga. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,364,283.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 29,230 / m², with an average ₱ 30,612 / m² price in Pampanga. The properties with the highest average prices have 3 bedrooms. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 35,836 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 5,275,107 it is 37 % cheaper than the average price in Pampanga. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Apartment". At a price of ₱ 18,532,734 it is 1364 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House And Lot" at an average cost of ₱ 31,135 / m² followed by "House" priced at ₱ 34,294 / m². "Lot" is the most costly type of property with a ₱ 509,916 / m² cost followed by "Apartment" with an average price of ₱ 349,014 / m².