The prices in real estate in San Fernando, in the Pampanga region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in San Fernando has increased strongly during the last 6 months. In October, the average price per m² was ₱ 51,209. In the following month the price per m² decreased to ₱ 48,506. The price for the following two months in (December, January) had a considerable increment of 238 %. The price per m² has had a considerable increase of 182 % 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 ₱ 84,355.75 to ₱ 153,393 during February, and March.
Based upon to the price in San Fernando (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 11,615,251. During November the price had a slight fall till ₱ 10,992,360. During the following two months (December, January) the average price had a considerable reduction of 74 % 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 ₱ 9,826,488 to ₱ 6,636,952.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of ₱ 5,330,476 they are 39 % more expensive than the average price for San Fernando. Following this ranking we find those properties with 2 at an average price of ₱ 7,934,589. The properties with the highest average price have 4 bedrooms, Their price is 135 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 8,004,304.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 46,097 / m², with an average ₱ 118,543 / m² price in San Fernando. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 96,358 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 5,330,476 it is 29 % cheaper than the average price in San Fernando. "House" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Duplex". At a price of ₱ 9,624,688 it is 93 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 20,452 / m² followed by "House" priced at ₱ 29,109 / m². "Duplex" is the most costly type of property with a ₱ 380,553 / m² cost followed by "Condominium" with an average price of ₱ 199,746 / m².
