The prices in real estate in San Mateo, 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 San Mateo has increased strongly during the last 6 months. In December, the average price per m² was ₱ 40,516. In the following month the price per m² increased considerably to ₱ 47,132. In the following two months the price per m² has barely changed, going from ₱ 43,824 to ₱ 43,365.5 per m². The price per m² has had a considerable increase of 122 % 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 ₱ 43,594.75 to ₱ 53,157.5 during April, and May.
Based upon to the price in San Mateo (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is ₱ 3,396,781. During January the price went through a considerable rise reaching ₱ 4,038,035. During the following two months (February, March) the average price had a considerable increase of 120 % 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 gone up 113 % 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 ₱ 4,338,979 they are 23 % more affordable than the average price for San Mateo. The properties with the highest average price have 4 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 5,666,500.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 48,768 / m², with an average ₱ 48,430 / m² price in San Mateo. The properties with the highest average prices have 1 bedroom. They are 156 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 55,609 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 4,338,979 it is 18 % 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 "Apartment". At a price of ₱ 7,763,000 it is 162 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 23,150 / m² followed by "Apartment" priced at ₱ 44,625 / m². "Condominium" is the most costly type of property with a ₱ 127,252 / m² cost followed by "House" with an average price of ₱ 53,803 / m².
