The prices in real estate in Parañaque, 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 Parañaque has remained the same in the last 6 months. In October, the average price per m² was ₱ 73,924. In November this price pretty much remained the same at a value of ₱ 70,466 per m². In the following two months the price per m² has barely changed, going from ₱ 72,195 to ₱ 72,752.5 per m². 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 ₱ 72,473.75 to ₱ 69,083 during February y March
Based upon to the price in Parañaque (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 11,995,277. In November This price remains at ₱ 11,498,256. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 11,421,357 to ₱ 9,144,801, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,454,381 they are 54 % more affordable than the average price for Parañaque. The properties with the highest average price have 4 bedrooms, Their price is 80 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,138,926.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 54,945 / m², with an average ₱ 61,737 / m² price in Parañaque. The properties with the highest average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 62,665 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 6,454,381 it is 51 % cheaper than the average price in Parañaque. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of ₱ 6,633,629 it is 92 % 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 ₱ 15,425 / m² followed by "Townhouse" priced at ₱ 51,552 / m². "Condominium" is the most costly type of property with a ₱ 110,531 / m² cost followed by "Apartment" with an average price of ₱ 86,869 / m².