The prices in real estate in Santo Tomas, in the Batangas 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 Santo Tomas has increased strongly during the last 6 months. In October, the average price per m² was ₱ 40,249. In the following month the price per m² increased considerably to ₱ 46,887. The price for the following two months in (December, January) had a considerable increment of 152 %. The price per m² has had a considerable increase of 133 % 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 ₱ 54,847 to ₱ 72,805 during February, and March.
Based upon to the price in Santo Tomas (cities), these have remained the same in the last 6 months. The price in October is ₱ 8,242,974, rising in November till ₱ 9,470,233. During the following two months (December, January) the average price had a considerable increase of 116 % 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 ₱ 9,586,555 to ₱ 5,425,965.5, which means a 57 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 5,599,840 they are 58 % more affordable than the average price for Santo Tomas. The properties with the highest average price have 4 bedrooms, Their price is 287 % more costly than the average. After that we have properties with 1 bedroom priced at ₱ 11,360,909.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 39,806 / m², with an average ₱ 70,563 / m² price in Santo Tomas. The properties with the highest average prices have 1 bedroom. They are 285 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 47,472 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 5,599,840 it is 60 % cheaper than the average price in Santo Tomas. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Condominium". At a price of ₱ 4,804,834 it is 841 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 15,195 / m² followed by "House" priced at ₱ 36,922 / m². "Condominium" is the most costly type of property with a ₱ 160,274 / m² cost followed by "House And Lot" with an average price of ₱ 50,698 / m².
