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 June, the average price per sq.feet was $88. In July this price pretty much remained the same at a value of $85 per sq.feet. The price for the following two months in (August, September) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $77.75 to $65 during October, and November.
Based upon to the price in Evansville (cities), this has fallen considerably in the last 6 months. The average price for June is $170,143. During July the price had a considerable reduction till $141,611. During the following two months (August, September) the average price had a considerable reduction of 76 % 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 $137,336.75 to $99,621, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $94,710 they are 49 % more affordable than the average price for Evansville. The properties with the highest average price have 4 bedrooms, Their price is 80 % more costly than the average. After that we have properties with 3 bedrooms priced at $125,573.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $63 / sq.feet price in Evansville. The properties with the highest average prices have 3 bedrooms. They are 19 % more expensive than the average followed by properties with 4 bedrooms with a price at $72 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $94,710 it is 40 % cheaper than the average price in Evansville. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Townhouse". At a price of $120,305 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $49 / sq.feet followed by "Condo" priced at $72 / sq.feet. "Townhouse" is the most costly type of property with a $158 / sq.feet cost followed by "Condo" with an average price of $72 / sq.feet.