The prices in real estate in Evansville, in the Indiana 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 sq.feet in Evansville has increased strongly during the last 6 months. In March, the average price per sq.feet was $79. In April this price pretty much remained the same at a value of $82 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $80.5 to $91.5 per sq.feet. The price per sq.feet has had a considerable increase of 138 % 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 sq.feet of $86 to $119 during July, and August.
Based upon to the price in Evansville (cities), this has gone up considerably in the last 6 months. The price in March is $148,483, rising in April till $158,520. During the following two months (May, June) the average price had a considerable increase of 163 % 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 114 % 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 $274,019 they are 87 % more affordable than the average price for Evansville. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $139,223.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $37 / sq.feet, with an average $120 / sq.feet price in Evansville. The properties with the lowest average prices have 4 bedrooms. They are 30 % cheaper than the average followed by properties with 3 bedrooms with a price at $81 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $274,019 it is 56 % cheaper than the average price in Evansville. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $157,436 it is 41 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $63 / sq.feet followed by "House" priced at $79 / sq.feet. "Townhouse" is the most costly type of property with a $149 / sq.feet cost followed by "Apartment" with an average price of $84 / sq.feet.