Property prices for sale in Parañaque (Metro Manila)

The prices in real estate in Parañaque, in the Metro Manila region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

₱ 10,562,222.33
Average price last 6 months
₱ 140,500.83
Price/m² last 6 months
Average price per m2

The price per m² in Parañaque has increased strongly during the last 6 months. In September, the average price per m² was ₱ 109,508. In the following month the price per m² increased to ₱ 123,699. The price for the following two months in (November, December) had a considerable increment of 123 %. The price per m² has had a considerable increase of 124 % 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 ₱ 130,132.5 to ₱ 161,237.5 during January, and February.

Average price

Based upon to the price in Parañaque (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during September, is ₱ 13,308,620. During October the price went through a considerable rise reaching ₱ 16,295,240. During the following two months (November, December) the average price had a considerable reduction of 74 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 12,852,110 to ₱ 5,982,446, which means a 47 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,332,051 they are 17 % more affordable than the average price for Parañaque. The properties with the highest average price have 4 bedrooms, Their price is 286 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 13,247,078.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 78,380 / m², with an average ₱ 169,260 / m² price in Parañaque. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 116,473 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 6,332,051 it is 57 % cheaper than the average price in Parañaque. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 38,059,850 it is 861 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 53,467 / m² followed by "Lot" priced at ₱ 56,379 / m². "Condominium" is the cheapest type of property with a ₱ 162,100 / m² value followed by "Commercial Lot" with an average price of ₱ 157,089 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Parañaque
Number of properties used in region Metro Manila
₱ 6,332,051
₱ 169,260
13,102
188,110
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value