The prices in real estate in Valenzuela, in the Metro Manila region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Valenzuela has fallen in the last 6 months. In October, the average price per m² was ₱ 62,778. In the following month the price per m² decreased considerably to ₱ 50,594. The price for the following two months in (December, January) had a considerable increment of 117 %. The price per m² has had a considerable deflation of 81 % 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 ₱ 61,442.25 to ₱ 49,958.5 during February, and March.
Based upon to the price in Valenzuela (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is ₱ 6,432,920. In November This price remains at ₱ 6,174,087. During the following two months (December, January) the average price had a considerable increase of 429 % 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 ₱ 16,687,062 to ₱ 4,049,764.5, which means a 24 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 3,985,608 they are 55 % more affordable than the average price for Valenzuela. The properties with the highest average price have 4 bedrooms, Their price is 79 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,143,067.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 42,780 / m², with an average ₱ 48,753 / m² price in Valenzuela. The properties with the highest average prices have 4 bedrooms. They are 56 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 73,148 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 3,985,608 it is 21 % cheaper than the average price in Valenzuela. "House" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 94,341,931 it is 3453 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 41,586 / m² followed by "Lot" priced at ₱ 42,623 / m². "Townhouse" is the most costly type of property with a ₱ 67,336 / m² cost followed by "Commercial Lot" with an average price of ₱ 57,914 / m².
