The prices in real estate in San Pablo City, in the San Pablo City region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in San Pablo City has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 30,922. In the following month the price per m² decreased to ₱ 28,141. The price for the following two months in (December, January) had a considerable decrease of 84 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 27,210.25 to ₱ 26,059 during February y March
Based upon to the price in San Pablo City (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is ₱ 4,383,713. During November the price went through a considerable rise reaching ₱ 6,291,666. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 ₱ 4,742,141.5 to ₱ 3,187,761, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 3,536,796 they are 86 % more affordable than the average price for San Pablo City. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 27 % more affordable than the average aforementioned.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 20,162 / m², with an average ₱ 25,584 / m² price in San Pablo City. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 111 % more costly than the average value aforementioned.
