Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘evansville homes for sale’

Evansville Real Estate Market for older 2 Story Homes (Wisconsin)

New Trail Around Lake Leota

New Trail Around Lake Leota (Photo credit: JohnE777)

Some great deals were found on the smaller 2 story homes in Evansville. The market analyzed was 2 story homes over 50 years old between 1,000 and 1,800 sq. ft.. Sales ranged from $31,000 to $160,000. Current listings range from $64,900 to $155,900. There is 9 months of inventory and 52% were bank owned sales and the REO inventory has been eliminated. 50% of the 6 sales in the last 3 months were bank owned. The average list price was $103,018 and the median list price was $109,000. The average sale price was $180,399 and the median sale price was $73,000. The odds of selling a home in the first month is 11%. Very competitively priced homes and discounted properties are selling the quickest. Current interest rates have minimized buydowns and concessions and most homes in the area sell with conventional financing. Marketing exposure time for the subject as derived from the MLS and historical data is estimated to be 3 to 6 months.

New Ranches in Evansville are readily available

New construction in Evansville has picked up significantly and is a good sign of an improving economy in Evansville. Property values for 1 story homes under 8 years old between 1,100 and 2,000 sq. ft. with unfinished basements appear to be stable with a dip in sales over the winter months. There is 8 months of inventory in Evansville. 17% were bank owned sales and 6% are active bank owned listings. The average list price is $165,897 and the median list price is $162,900. The average sale price is $163,383 and the median sale price is $161,400. The odds of selling a newer ranch in Evansville in the first month is 12%.

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