The prices in real estate in Tarlac, in the Tarlac region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Tarlac has had a strong decrease during the last 6 months. In March, the average price per m² was ₱ 34,707. In the following month the price per m² decreased to ₱ 31,252. The price for the following two months in (May, June) had a considerable decrease of 81 with regard to the prior two months. The price per m² has decreased 94 % 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 ₱ 29,813.75 to ₱ 28,131.5 during July, and August.
Based upon to the price in Tarlac (cities), this has fallen considerably in the last 6 months. The average price for March is ₱ 13,679,456. During April the price had a considerable reduction till ₱ 11,146,029. During the following two months (May, June) the average price had a considerable reduction of 36 % 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 ₱ 8,452,086 to ₱ 3,296,777.5, which means a 39 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 3,606,693 they are 68 % more affordable than the average price for Tarlac. The properties with the highest average price have 4 bedrooms, Their price is 99 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,941,517.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of ₱ 32,370 / m², with an average ₱ 27,988 / m² price in Tarlac. The properties with the highest average prices have 4 bedrooms. They are 1759 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 40,989 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 3,606,693 it is 23 % 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 ₱ 2,792,549 it is 11 % 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 ₱ 24,117 / m² followed by "House" priced at ₱ 34,264 / m². "House" is the most costly type of property with a ₱ 34,264 / m² cost followed by "Farm House" with an average price of ₱ 24,117 / m².