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 September, the average price per m² was ₱ 68,980. In the following month the price per m² decreased to ₱ 62,900. In the following two months the price per m² has barely changed, going from ₱ 65,940 to ₱ 66,148 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 ₱ 66,044 to ₱ 68,662.5 during January y February
Based upon to the price in Valenzuela (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is ₱ 8,440,129. During October the price went through a considerable rise reaching ₱ 14,365,880. During the following two months (November, December) the average price had a considerable reduction of 79 % 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 290 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 37,139,939 they are 94 % more affordable than the average price for Valenzuela. The properties with the lowest average price have 4 bedrooms, Their price is 74 % cheaper than the average. After that we have properties with 3 bedrooms priced at ₱ 5,172,719.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 74,177 / m², with an average ₱ 68,779 / m² price in Valenzuela. The properties with the highest average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 91,035 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 37,139,939 it is 93 % 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 "Lot". At a price of ₱ 95,577,000 it is 286 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 41,050 / m² followed by "Lot" priced at ₱ 43,187 / m². "Condominium" is the most costly type of property with a ₱ 119,236 / m² cost followed by "House" with an average price of ₱ 71,810 / m².
