The prices in real estate in Pasay City, in the Pasay City region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Pasay City has fallen in the last 6 months. In October, the average price per m² was ₱ 195,411. In November this price pretty much remained the same at a value of ₱ 191,191 per m². In the following two months the price per m² has increased 106 %, going from ₱ 193,301 to ₱ 205,812.5 per m². The price per m² has had a considerable deflation of 72 % 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 ₱ 199,556.75 to ₱ 142,689 during February, and March.
Based upon to the price in Pasay City (cities), these have remained the same in the last 6 months. The price in October is ₱ 6,861,608, rising in November till ₱ 7,252,280. During the following two months (December, January) the price has had an average incrementation from ₱ 7,056,944 to ₱ 7,815,536. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 7,436,240 to ₱ 5,629,461.5, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,250,604 they are 6 % more affordable than the average price for Pasay City. The properties with the highest average price have 4 bedrooms, Their price is 1007 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 15,911,424.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 130,334 / m², with an average ₱ 88,003 / m² price in Pasay City. The properties with the highest average prices have 2 bedrooms. They are 83 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 144,557 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 4,250,604 it is 16 % cheaper than the average price in Pasay City. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 64,913,300 it is 1904 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 83,427 / m² followed by "House" priced at ₱ 109,003 / m². "Condominium" is the most costly type of property with a ₱ 185,732 / m² cost followed by "Commercial Lot" with an average price of ₱ 183,546 / m².
