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 January, the average price per m² was ₱ 55,216. In February this price pretty much remained the same at a value of ₱ 53,636 per m². In the following two months the price per m² has barely changed, going from ₱ 54,426 to ₱ 53,657.5 per m². The price per m² has decreased 95 % 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 ₱ 54,041.75 to ₱ 51,292.5 during May, and June.
Based upon to the price in Paranaque (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is ₱ 6,398,978. In February This price remains at ₱ 6,612,198. In the following two months the average price has remained the same with regard to the previous two months from ₱ 6,505,588 to ₱ 6,727,250. 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 ₱ 6,616,419 and ₱ 6,750,767 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 7,360,067 they are 52 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,796,306.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 49,191 / m², with an average ₱ 46,624 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 78 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 68,201 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 7,360,067 it is 47 % cheaper than the average price in Paranaque. "Condominium" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "House". At a price of ₱ 9,810,160 it is 43 % 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 "House" priced at ₱ 41,797 / m². "Condominium" is the most costly type of property with a ₱ 88,094 / m² cost followed by "Apartment" with an average price of ₱ 53,056 / m².