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 January, the average price per m² was ₱ 75,172. In February this price pretty much remained the same at a value of ₱ 76,429 per m². The price for the following two months in (March, April) had a considerable decrease of 84 with regard to the prior two months. The price per m² has increased 114 % 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 ₱ 69,641.25 to ₱ 79,524 during May, and June.
Based upon to the price in Parañaque (cities), this has gone downing the last 6 months. The average price during our first sample month during January, is ₱ 9,777,686. During February the price went through a considerable rise reaching ₱ 11,835,221. During the following two months (March, April) the average price had a considerable reduction of 62 % 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 gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,886,974 they are 47 % more affordable than the average price for Parañaque. The properties with the highest average price have 4 bedrooms, Their price is 148 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 8,886,108.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 57,867 / m², with an average ₱ 67,632 / m² price in Parañaque. The properties with the highest average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 67,198 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 5,886,974 it is 51 % cheaper than the average price in Parañaque. "Farm House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of ₱ 7,145,212 it is 96 % 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 ₱ 15,377 / m² followed by "Townhouse" priced at ₱ 51,875 / m². "Condominium" is the most costly type of property with a ₱ 117,820 / m² cost followed by "House" with an average price of ₱ 71,995 / m².