The prices in real estate in Bay, in the Laguna 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 Bay has increased strongly during the last 6 months. In July, the average price per m² was ₱ 13,572. In the following month the price per m² increased considerably to ₱ 22,028. The price for the following two months in (September, October) had a considerable increment of 144 %. 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 ₱ 21,684 to ₱ 17,808.5 during November, and December.
Based upon to the price in Bay (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is ₱ 1,698,667. In August This price remains at ₱ 1,648,667. During the following two months (September, October) the average price had a considerable increase of 270 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 179 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of ₱ 4,967,000 in Bay. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (₱ 16,613 / m²) in Bay. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Bay we can see that the cheapest property type is "House And Lot" at a price of ₱ 4,967,000, they are 0 % more affordable than the average price of (!PRECIO2!). "House And Lot" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House And Lot with an average price of ₱ 16,613 / m². "House And Lot" with an average cost of ₱ 16,613 / m² has the lowest price and would be directed at less affluent cities.