The prices in real estate in Paranaque, in the Rizal region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Paranaque has increased during the last 6 months. In September, the average price per m² was ₱ 48,175. In the following month the price per m² decreased to ₱ 44,802. In the following two months the price per m² has increased 111 %, going from ₱ 46,488.5 to ₱ 51,652 per m². The price per m² has increased 111 % 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 ₱ 49,070.25 to ₱ 54,426 during January, and February.
Based upon to the price in Paranaque (cities), this has gone downing the last 6 months. The average price for September is ₱ 7,204,360. During October the price had a slight fall till ₱ 6,172,684. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 6,427,767 and ₱ 6,505,588 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,612,198 they are 57 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 111 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,745,923.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 46,492 / m², with an average ₱ 53,636 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 90 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 55,317 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,612,198 it is 50 % cheaper than the average price in Paranaque. "Apartment" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "Apartment". At a price of ₱ 6,392,579 it is 32 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 50,477 / m² followed by "Apartment" priced at ₱ 55,160 / m². "Condominium" is the most costly type of property with a ₱ 76,924 / m² cost followed by "Apartment" with an average price of ₱ 55,160 / m².