The prices in real estate in San Pedro, in the Laguna 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 Pedro has had a strong decrease during the last 6 months. In January, the average price per m² was ₱ 66,519. In the following month the price per m² decreased considerably to ₱ 38,723. The price for the following two months in (March, April) had a considerable decrease of 70 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 ₱ 44,817.25 to ₱ 42,731 during May y June
Based upon to the price in San Pedro (cities), this has fallen considerably in the last 6 months. The average price for January is ₱ 11,396,493. During February the price had a considerable reduction till ₱ 7,936,573. During the following two months (March, April) the average price had a considerable reduction of 75 % 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 ₱ 8,468,942 to ₱ 6,908,179.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 8,148,708 they are 22 % more affordable than the average price for San Pedro. The properties with the highest average price have 1 bedroom, Their price is 40 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 9,497,977.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 27,328 / m², with an average ₱ 50,679 / m² price in San Pedro. The properties with the highest average prices have 1 bedroom. They are 218 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 62,034 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 8,148,708 it is 34 % cheaper than the average price in San Pedro. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm House". At a price of ₱ 5,350,571 it is 29 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 24,944 / m² followed by "Farm House" priced at ₱ 33,577 / m². "Farm House" is the cheapest type of property with a ₱ 33,577 / m² value followed by "House" with an average price of ₱ 24,944 / m².