The prices in real estate in Digos, in the Davao Del Sur 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 Digos has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 68,408. In November this price pretty much remained the same at a value of ₱ 71,361 per m². The price for the following two months in (December, January) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable deflation of 79 % 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 ₱ 34,942.25 to ₱ 27,672.5 during February, and March.
Based upon to the price in Digos (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 4,488,934. In November This price remains at ₱ 4,636,159. During the following two months (December, January) the average price had a considerable reduction of 0 % 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 ₱ 2,281,273.25 to ₱ 849,800, which means a 37 % fall.
