The prices in real estate in Teresa, 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 Teresa has increased during the last 6 months. In December, the average price per m² was ₱ 53,496. In the following month the price per m² increased to ₱ 58,444. In the following two months the price per m² has barely changed, going from ₱ 55,970 to ₱ 58,258 per m². 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 ₱ 57,114 to ₱ 57,077.5 during April y May
Based upon to the price in Teresa (cities), this has gone up considerably in the last 6 months. The price in December is ₱ 3,154,458, rising in January till ₱ 3,404,198. During the following two months (February, March) the average price fell 90 % 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 148 % 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 ₱ 4,549,724 they are 63 % more affordable than the average price for Teresa. The properties with the highest average price have 3 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 4,639,065.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 38,549 / m², with an average ₱ 54,746 / m² price in Teresa. The properties with the highest average prices have 3 bedrooms. They are 47 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 72,048 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 4,549,724 it is 74 % cheaper than the average price in Teresa. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of ₱ 1,162,170 it is 29 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 25,381 / m² followed by "House" priced at ₱ 56,123 / m². "House" is the most costly type of property with a ₱ 56,123 / m² cost followed by "Townhouse" with an average price of ₱ 25,381 / m².
