The prices in real estate in Mandaluyong, 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 Mandaluyong has remained the same in the last 6 months. In September, the average price per m² was ₱ 169,125. In October this price pretty much remained the same at a value of ₱ 177,272 per m². In the following two months the price per m² has barely changed, going from ₱ 173,198.5 to ₱ 168,201.5 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 ₱ 170,700 to ₱ 164,845 during January y February
Based upon to the price in Mandaluyong (cities), this has fallen considerably in the last 6 months. The price in September is ₱ 10,775,557, rising in October till ₱ 12,186,790. During the following two months (November, December) the average price had a considerable reduction of 77 % 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 ₱ 10,145,431 to ₱ 6,305,460.5, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,047,586 they are 12 % more affordable than the average price for Mandaluyong. The properties with the highest average price have 4 bedrooms, Their price is 425 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 12,892,448.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 122,299 / m², with an average ₱ 161,387 / m² price in Mandaluyong. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 150,683 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 6,047,586 it is 47 % cheaper than the average price in Mandaluyong. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 104,346,678 it is 4233 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 77,544 / m² followed by "Office" priced at ₱ 143,518 / m². "Lot" is the most costly type of property with a ₱ 293,446 / m² cost followed by "Condominium" with an average price of ₱ 176,310 / m².