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 July, the average price per m² was ₱ 73,222. In the following month the price per m² increased to ₱ 76,917. In the following two months the price per m² has barely changed, going from ₱ 75,069.5 to ₱ 75,132.5 per m². The price per m² has decreased 94 % 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 ₱ 75,101 to ₱ 70,399.5 during November, and December.
Based upon to the price in Parañaque (cities), this has gone up in the last 6 months. The average price for July is ₱ 9,353,722. During August the price had a slight fall till ₱ 7,995,782. During the following two months (September, October) the average price had a considerable increase of 119 % 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 126 % 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 ₱ 12,414,211 they are 70 % more affordable than the average price for Parañaque. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 10,291,095.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 58,372 / m², with an average ₱ 70,333 / m² price in Parañaque. The properties with the highest average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 86,395 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 12,414,211 it is 74 % 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 "House And Lot". At a price of ₱ 13,120,748 it is 52 % 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 ₱ 15,473 / m² followed by "Townhouse" priced at ₱ 52,780 / m². "Condominium" is the most costly type of property with a ₱ 118,340 / m² cost followed by "Apartment" with an average price of ₱ 64,973 / m².