The prices in real estate in Paranaque, in the Rizal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Paranaque has fallen in the last 6 months. In March, the average price per m² was ₱ 54,920. In April this price pretty much remained the same at a value of ₱ 52,395 per m². In the following two months the price per m² has barely changed, going from ₱ 53,657.5 to ₱ 51,292.5 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 ₱ 52,475 to ₱ 49,435.5 during July, and August.
Based upon to the price in Paranaque (cities), these have remained the same in the last 6 months. The average price for March is ₱ 6,966,249. During April the price had a slight fall till ₱ 6,488,251. In the following two months the average price has remained the same with regard to the previous two months from ₱ 6,727,250 to ₱ 6,750,767. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 ₱ 8,568,150 they are 52 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,276,879.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 48,263 / m², with an average ₱ 50,748 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 73,201 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 8,568,150 it is 46 % cheaper than the average price in Paranaque. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "House And Lot". At a price of ₱ 10,062,611 it is 34 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 7,988 / m² followed by "Townhouse" priced at ₱ 39,225 / m². "Condominium" is the most costly type of property with a ₱ 92,813 / m² cost followed by "Apartment" with an average price of ₱ 59,276 / m².