The prices in real estate in San Mateo, in the Rizal region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in San Mateo has increased during the last 6 months. In August, the average price per m² was ₱ 49,089. In September this price pretty much remained the same at a value of ₱ 49,285 per m². In the following two months the price per m² has barely changed, going from ₱ 49,187 to ₱ 50,918 per m². The price per m² has increased 108 % 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 ₱ 50,052.5 to ₱ 53,960 during December, and January.
Based upon to the price in San Mateo (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is ₱ 4,542,817. In September This price remains at ₱ 4,636,149. During the following two months (October, November) the price has had an average incrementation from ₱ 4,589,483 to ₱ 5,247,283.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,649,872 they are 49 % more affordable than the average price for San Mateo. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,871,639.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 51,598 / m², with an average ₱ 53,715 / m² price in San Mateo. The properties with the highest average prices have 1 bedroom. They are 133 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 62,109 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 5,649,872 it is 38 % cheaper than the average price in San Mateo. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 7,228,756 it is 780 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 28,096 / m² followed by "House And Lot" priced at ₱ 52,533 / m². "Condominium" is the most costly type of property with a ₱ 125,282 / m² cost followed by "House" with an average price of ₱ 59,804 / m².
