The prices in real estate in Muntinlupa, 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 Muntinlupa has fallen in the last 6 months. In October, the average price per m² was ₱ 205,727. In November this price pretty much remained the same at a value of ₱ 214,897 per m². The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per m² has decreased 91 % 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 ₱ 199,366.5 to ₱ 181,026 during February, and March.
Based upon to the price in Muntinlupa (cities), this has fallen considerably in the last 6 months. The price in October is ₱ 113,113,562, rising in November till ₱ 122,505,141. During the following two months (December, January) the average price had a considerable reduction of 10 % 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 ₱ 64,805,552 to ₱ 8,700,936, which means a 13 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 9,207,853 they are 23 % more affordable than the average price for Muntinlupa. The properties with the highest average price have 4 bedrooms, Their price is 1555 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 52,946,029.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 162,324 / m², with an average ₱ 184,123 / m² price in Muntinlupa. The properties with the highest average prices have 4 bedrooms. They are 37 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 194,917 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 9,207,853 it is 19 % cheaper than the average price in Muntinlupa. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Lot". At a price of ₱ 110,971,534 it is 1889 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 125,719 / m² followed by "Townhouse" priced at ₱ 145,342 / m². "House" is the most costly type of property with a ₱ 251,893 / m² cost followed by "House And Lot" with an average price of ₱ 178,225 / m².
