The prices in real estate in Teresa, in the Rizal 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 Teresa has had a strong decrease during the last 6 months. In March, the average price per m² was ₱ 57,424. In April this price pretty much remained the same at a value of ₱ 58,814 per m². The price for the following two months in (May, June) had a considerable decrease of 58 with regard to the prior two months. The price per m² has had a considerable deflation of 57 % 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 ₱ 46,029.25 to ₱ 26,413.5 during July, and August.
Based upon to the price in Teresa (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is ₱ 2,878,175. During April the price went through a considerable rise reaching ₱ 3,334,139. During the following two months (May, June) the average price fell 88 % 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 ₱ 2,917,554.25 to ₱ 2,464,560.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of ₱ 2,444,563 they are 10 % more expensive than the average price for Teresa. Following this ranking we find those properties with 2 at an average price of ₱ 3,157,858. The properties with the highest average price have 4 bedrooms, Their price is 141 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,545,482.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of ₱ 50,729 / m², with an average ₱ 26,131 / m² price in Teresa. The properties with the highest average prices have 3 bedrooms. They are 136 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 55,481 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 2,444,563 it is 53 % cheaper than the average price in Teresa. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of ₱ 1,144,851 it is 86 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 24,991 / m² followed by "House" priced at ₱ 60,584 / m². "House" is the most costly type of property with a ₱ 60,584 / m² cost followed by "Townhouse" with an average price of ₱ 24,991 / m².
