The prices in real estate in Pasig, 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 Pasig has remained the same in the last 6 months. In September, the average price per m² was ₱ 179,066. In the following month the price per m² increased to ₱ 204,521. In the following two months the price per m² has barely changed, going from ₱ 191,793.5 to ₱ 191,728.5 per m². The price per m² has decreased 88 % 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 ₱ 191,761 to ₱ 168,074 during January, and February.
Based upon to the price in Pasig (cities), this has fallen considerably in the last 6 months. The price in September is ₱ 12,568,768, rising in October till ₱ 14,061,080. During the following two months (November, December) the average price had a considerable reduction of 84 % 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 ₱ 12,254,093 to ₱ 7,483,871.5, which means a 61 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 7,771,273 they are 24 % more affordable than the average price for Pasig. The properties with the highest average price have 4 bedrooms, Their price is 99 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 14,549,270.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 87,780 / m², with an average ₱ 167,402 / m² price in Pasig. The properties with the highest average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 153,036 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 7,771,273 it is 58 % cheaper than the average price in Pasig. "Condominium" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial Lot". At a price of ₱ 53,668,700 it is 1326 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 60,009 / m² followed by "Apartment" priced at ₱ 63,715 / m². "Commercial Lot" is the most costly type of property with a ₱ 226,159 / m² cost followed by "Office" with an average price of ₱ 200,983 / m².