The prices in real estate in Meycauayan, 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 Meycauayan has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 48,523. In the following month the price per m² decreased considerably to ₱ 28,440. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per m² has had a considerable increase of 115 % 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 ₱ 35,805.25 to ₱ 41,295 during February, and March.
Based upon to the price in Meycauayan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₱ 2,610,209. During November the price went through a considerable rise reaching ₱ 7,588,998. During the following two months (December, January) the average price had a considerable increase of 1101 % 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 146 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 33,351,993 they are 95 % more affordable than the average price for Meycauayan. The properties with the lowest average price have 4 bedrooms, Their price is 81 % cheaper than the average. After that we have properties with 3 bedrooms priced at ₱ 3,406,672.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 45,621 / m², with an average ₱ 38,165 / m² price in Meycauayan. The properties with the highest average prices have 4 bedrooms. They are 81 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 66,231 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 33,351,993 it is 95 % cheaper than the average price in Meycauayan. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial Lot" followed by "Farm House". At a price of ₱ 3,639,373 it is 62 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Commercial Lot" at an average cost of ₱ 12,266 / m² followed by "Farm House" priced at ₱ 32,687 / m². "Condominium" is the most costly type of property with a ₱ 65,874 / m² cost followed by "Townhouse" with an average price of ₱ 50,281 / m².
