What is the selling price of open market housing?

The selling price of open market housing is determined by various factors, including location, demand, property condition, and market trends. In this context, the amount of P4,000,000 signifies a balanced appraisal of these factors, positioning it as a competitive price in the current housing market. This figure reflects a range that could be considered fair and attractive to potential buyers, aligning with what buyers may expect for similar properties.

While other prices may represent valid options depending on different site-specific elements or market conditions, the selection of P4,000,000 likely indicates a consensus valuation among real estate professionals or an assessment that encapsulates the average expectations of buyers in that segment. The assessment may also consider broader economic indicators, housing supply and demand ratios, and historical market performance, which reinforces why this particular price would be chosen in a quiz targeting knowledge of housing market fundamentals and pricing strategies.