The prices in real estate in Tagum, in the Davao Del Norte 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 Tagum has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 67,085. In November this price pretty much remained the same at a value of ₱ 65,564 per m². The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per m² has had a considerable deflation of 39 % 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 ₱ 50,084.75 to ₱ 19,604 during February, and March.
Based upon to the price in Tagum (cities), this has gone up considerably in the last 6 months. The average price for October is ₱ 4,290,571. During November the price had a slight fall till ₱ 4,044,938. During the following two months (December, January) the average price had a considerable increase of 281 % 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 ₱ 7,940,672 to ₱ 6,024,590.5, which means a 76 % fall.
