The prices in real estate in Tarlac, in the Tarlac region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Tarlac has increased strongly during the last 6 months. In August, the average price per m² was ₱ 21,368. In the following month the price per m² increased considerably to ₱ 27,149. In the following two months the price per m² has barely changed, going from ₱ 24,258.5 to ₱ 24,336 per m². The price per m² has had a considerable increase of 125 % 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 ₱ 24,297.25 to ₱ 30,273.5 during December, and January.
Based upon to the price in Tarlac (cities), this has gone up in the last 6 months. The price in August is ₱ 3,137,195, rising in September till ₱ 3,559,439. During the following two months (October, November) the average price fell 91 % 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 gone up 112 % 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 ₱ 3,714,084 they are 69 % more affordable than the average price for Tarlac. The properties with the highest average price have 4 bedrooms, Their price is 95 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,969,223.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 32,601 / m², with an average ₱ 32,283 / m² price in Tarlac. The properties with the highest average prices have 4 bedrooms. They are 1523 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 41,283 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 3,714,084 it is 24 % cheaper than the average price in Tarlac. "Farm House" is seen as the second most affordable property type. The cheapest type property is "Farm House" followed by "House". At a price of ₱ 2,812,179 it is 13 % 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 ₱ 24,292 / m² followed by "House" priced at ₱ 34,509 / m². "House" is the most costly type of property with a ₱ 34,509 / m² cost followed by "Farm House" with an average price of ₱ 24,292 / m².