Lamudi found that the from their latest data analysis that cities of San Jose Del Monte (Bulacan), Dasmariñas (Cavite), San Mateo (Rizal), Bacoor (Cavite), and Santa Rosa (Laguna) have the most number of listed foreclosed houses in the website. Followed by Caloocan (Metro Manila), Quezon City (Metro Manila)Antipolo (Rizal), Imus (Cavite), and San Pedro (Laguna). Caloocan and Quezon City are the lone Metro Manila cities that made it the top 10. Together, these cities comprise 51 percent of all foreclosed houses listed in the Lamudi website.
In terms of prices, San Jose Del Monte offers the most affordable foreclosed houses among the top 10 cities. Foreclosed houses in this Bulacan city average Php336,000. Quezon City, meanwhile, offer much pricier foreclosed houses, averaging Php5.33 million.
NO. OF LISTINGS
San Jose del Monte
Average prices of foreclosed houses listed on Lamudi Philippines. Data as of March 31, 2016.
In terms of onsite search volume, Quezon City is the most-searched city for foreclosed properties in the Lamudi website from January 1 to March 31, 2016.
More than 6 percent of all searches for foreclosed properties conducted during the period involved Metro Manila’s largest city. Quezon City is followed by the cities of Las Piñas, Parañaque, and San Jose del Monte, the provinces of Benguet and Laguna, and then by Caloocan. Together, these areas captured almost 20 percent of total search volume for foreclosed properties in the Lamudi website.
Filipinos’ interest for foreclosed properties has also been increasing every quarter, at least according to Lamudi data.
The property website showed that search volume for foreclosed properties increased 5 percent from Q2 2015 to Q3 2015; 9 percent from Q3 2015 to Q4 2015; and a remarkable 75 percent from Q4 2015 to Q1 2016.
On the other hand, the proportion of searches attributed to foreclosed properties in relation to total searches made has also been increasing every quarter: 1.42 percent in Q2 2015; 1.68 percent in Q3 2015; 2.15 percent in Q4 2015; and 2.34 percent in Q1 2016.