The prices in real estate in Paranaque, in the Rizal 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 Paranaque has remained the same in the last 6 months. In August, the average price per m² was ₱ 64,564. In September this price pretty much remained the same at a value of ₱ 63,003 per m². In the following two months the price per m² has barely changed, going from ₱ 63,783.5 to ₱ 63,669 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 ₱ 63,726.25 to ₱ 66,415 during December y January
Based upon to the price in Paranaque (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is ₱ 8,764,019. In September This price remains at ₱ 8,342,716. In the following two months the average price has remained the same with regard to the previous two months from ₱ 8,553,368 to ₱ 8,370,546.5. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 8,461,957 to ₱ 7,041,427.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,844,594 they are 34 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 7,450,011.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 48,614 / m², with an average ₱ 67,802 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 122 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 74,874 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,844,594 it is 31 % cheaper than the average price in Paranaque. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of ₱ 35,815,079 it is 513 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 7,253 / m² followed by "House And Lot" priced at ₱ 50,195 / m². "Condominium" is the most costly type of property with a ₱ 88,451 / m² cost followed by "House" with an average price of ₱ 78,909 / m².