The prices in real estate in Gingoog City, in the Gingoog City 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 Gingoog City has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 5,003. In the following month the price per m² decreased considerably to . The price for the following two months in (December, January) had a considerable decrease of 77 with regard to the prior two months. The price per m² has increased 112 % 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 ₱ 2,210.25 to ₱ 2,478.5 during February, and March.
Based upon to the price in Gingoog City (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 40,433,333. During November the price had a considerable reduction till . During the following two months (December, January) 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 ₱ 13,731,500 to ₱ 2,216,666.5, which means a 16 % fall.
