The prices in real estate in Evansville, in the Indiana 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 sq.feet in Evansville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $118. In August this price pretty much remained the same at a value of $120 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $102 to $83.5 during November, and December.
Based upon to the price in Evansville (cities), this has gone downing the last 6 months. The average price during our first sample month during July, is $187,873. During August the price went through a considerable rise reaching $274,019. During the following two months (September, October) the average price had a considerable reduction of 65 % 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 $190,166 to $143,299.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $129,527 they are 54 % more affordable than the average price for Evansville. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at $142,761.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $61 / sq.feet, with an average $77 / sq.feet price in Evansville. The properties with the highest average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 4 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $129,527 it is 17 % cheaper than the average price in Evansville. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Land". At a price of $127,555 it is 55 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $59 / sq.feet followed by "House" priced at $68 / sq.feet. "Condo" is the most costly type of property with a $130 / sq.feet cost followed by "House" with an average price of $68 / sq.feet.