The prices in real estate in Santa Maria, in the Bulacan 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 Santa Maria has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 49,600. In the following month the price per m² decreased considerably to ₱ 41,202. The price for the following two months in (December, January) had a considerable decrease of 84 with regard to the prior two months. The price per m² has had a considerable deflation of 51 % 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 ₱ 41,852.5 to ₱ 21,336.5 during February, and March.
Based upon to the price in Santa Maria (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 4,500,086. During November the price had a considerable reduction till ₱ 3,603,075. During the following two months (December, January) the average price had a considerable reduction of 80 % 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 ₱ 3,648,799.75 to ₱ 2,530,589.5, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 2,678,784 they are 71 % more affordable than the average price for Santa Maria. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,882,789.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 17,368 / m², with an average ₱ 22,021 / m² price in Santa Maria. The properties with the highest average prices have 4 bedrooms. They are 118 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 47,394 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 2,678,784 it is 29 % cheaper than the average price in Santa Maria. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Condominium". At a price of ₱ 4,563,325 it is 2052 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 13,982 / m² followed by "Farm House" priced at ₱ 35,311 / m². "Condominium" is the most costly type of property with a ₱ 161,076 / m² cost followed by "Townhouse" with an average price of ₱ 73,177 / m².
