The prices in real estate in Pateros, in the Rizal 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.
The price per m² in Pateros has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (December, January) had a considerable increment of 2147483647 %. The price per m² has had a considerable increase of 464 % 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 ₱ 19,735.75 to ₱ 91,532 during February, and March.
Based upon to the price in Pateros (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching . During the following two months (December, January) the average price had a considerable increase of 2147483647 % 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 302 % 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 ₱ 8,358,861 they are 72 % more affordable than the average price for Pateros. The properties with the highest average price have 3 bedrooms, Their price is 248 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 25,603,327.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 49,780 / m², with an average ₱ 93,421 / m² price in Pateros. The properties with the highest average prices have 2 bedrooms. They are 205 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 252,728 / m².
With regard to the average price based upon the property in Pateros we can see that the cheapest property type is "Condominium" at a price of ₱ 4,886,190, they are 42 % more affordable than the average price of (!PRECIO2!). "Condominium" has the lowest price. This price is 42 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Condominium with an average price of ₱ 49,780 / m². "Condominium" with an average cost of ₱ 49,780 / m² has the lowest price and would be directed at less affluent cities.
