The prices in real estate in San Juan, in the Metro Manila region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in San Juan has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 230,783. In November this price pretty much remained the same at a value of ₱ 234,262 per m². The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per m² has had a considerable deflation of 82 % 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 ₱ 187,885 to ₱ 154,478.5 during February, and March.
Based upon to the price in San Juan (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 57,734,549. During November the price had a slight fall till ₱ 52,836,368. During the following two months (December, January) the average price had a considerable reduction of 11 % 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 ₱ 30,628,958 to ₱ 5,725,546, which means a 19 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,825,243 they are 6 % more affordable than the average price for San Juan. The properties with the highest average price have 4 bedrooms, Their price is 1714 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 36,481,002.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 153,013 / m², with an average ₱ 153,197 / m² price in San Juan. The properties with the highest average prices have 4 bedrooms. They are 38 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 187,917 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of ₱ 5,825,243 it is 431 % more expensive than the average price in San Juan. "Condominium" is seen as the second dearest property type. The dearest property type is "Commercial Lot" followed by "Office". At a price of ₱ 194,805,000 it is 3436 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 127,277 / m² followed by "Commercial Lot" priced at ₱ 130,378 / m². "House" is the most costly type of property with a ₱ 319,530 / m² cost followed by "Office" with an average price of ₱ 259,788 / m².
