The prices in real estate in Tarlac, in the Tarlac region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Tarlac has increased during the last 6 months. In July, the average price per m² was ₱ 28,275. In August this price pretty much remained the same at a value of ₱ 27,988 per m². The price for the following two months in (September, October) had a considerable increment of 116 %. The price per m² has increased 113 % 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 ₱ 30,330.75 to ₱ 34,393.5 during November, and December.
Based upon to the price in Tarlac (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is ₱ 2,986,862. During August the price went through a considerable rise reaching ₱ 3,606,693. During the following two months (September, October) the price has had an average incrementation from ₱ 3,296,777.5 to ₱ 3,567,232.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 ₱ 4,027,183 they are 82 % more affordable than the average price for Tarlac. The properties with the highest average price have 4 bedrooms, Their price is 85 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,659,899.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 19,785 / m², with an average ₱ 35,281 / m² price in Tarlac. The properties with the highest average prices have 3 bedrooms. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 36,256 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 4,027,183 it is 21 % cheaper than the average price in Tarlac. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm House". At a price of ₱ 3,198,083 it is 10 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Farm House" at an average cost of ₱ 24,017 / m² followed by "House" priced at ₱ 34,947 / m². "House" is the cheapest type of property with a ₱ 34,947 / m² value followed by "Farm House" with an average price of ₱ 24,017 / m².