The prices in real estate in Valenzuela, in the Metro Manila region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Valenzuela has remained the same in the last 6 months. In December, the average price per m² was ₱ 54,152. In the following month the price per m² decreased to ₱ 51,310. In the following two months the price per m² has increased 112 %, going from ₱ 52,731 to ₱ 59,058.5 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 ₱ 55,894.75 to ₱ 57,245 during April y May
Based upon to the price in Valenzuela (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during December, is ₱ 10,391,104. During January the price went through a considerable rise reaching ₱ 14,652,471. During the following two months (February, March) the average price had a considerable reduction of 63 % 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 ₱ 10,189,733 to ₱ 5,021,620.5, which means a 49 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,155,288 they are 44 % more affordable than the average price for Valenzuela. 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 3 bedrooms priced at ₱ 4,103,169.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 50,778 / m², with an average ₱ 53,431 / m² price in Valenzuela. The properties with the highest average prices have 1 bedroom. They are 69 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 68,388 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 4,155,288 it is 31 % cheaper than the average price in Valenzuela. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Apartment". At a price of ₱ 5,670,345 it is 2376 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Lot" at an average cost of ₱ 38,887 / m² followed by "Apartment" priced at ₱ 43,881 / m². "Condominium" is the most costly type of property with a ₱ 86,391 / m² cost followed by "House" with an average price of ₱ 59,247 / m².