Property prices for sale in Paranaque (Rizal)

The prices in real estate in Paranaque, in the Rizal region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

₱ 8,384,302.33
Average price last 6 months
₱ 58,223.17
Price/m² last 6 months
Average price per m2

The price per m² in Paranaque has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 68,603. In the following month the price per m² decreased to ₱ 65,002. The price for the following two months in (November, December) had a considerable decrease of 81 with regard to the prior two months. The price per m² has decreased 89 % 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 ₱ 60,466 to ₱ 53,737.5 during January, and February.

Average price

Based upon to the price in Paranaque (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is ₱ 8,385,081. In October This price remains at ₱ 8,165,575. During the following two months (November, December) the average price fell 90 % 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 119 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 9,824,619 they are 64 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 9,809,311.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 46,426 / m², with an average ₱ 56,738 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 66,066 / m².

Price per property type

The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 9,824,619 it is 58 % 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 And Lot". At a price of ₱ 11,389,069 it is 321 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 7,149 / m² followed by "Townhouse" priced at ₱ 41,182 / m². "Condominium" is the most costly type of property with a ₱ 77,912 / m² cost followed by "House" with an average price of ₱ 60,538 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Paranaque
Number of properties used in region Rizal
₱ 9,824,619
₱ 56,738
412
56,424
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value