Home sales in the Evansville area were up nearly 15 percent in the third quarter of 2011, compared to the same period last year, with Gibson County the only county in a four-county Southwestern Indiana metro area showing a slight decline.

At the same time, Gibson County led the way with a sharp increase in median home prices, an apparent result of near-back-to-normal operations at Toyota Motor Manufacturing Indiana near Princeton.

Median prices also rose in Vanderburgh and Warrick counties. The median increase in the four-county area was more than 10 percent better than in the July-September period last year, with a decline reported only in Posey County.

Still, the developments last quarter are part of a year where home sales in Vanderburgh and the three surrounding Hoosier counties together are lagging behind those in the first nine months of 2010. But average home prices for the year to date are up. Sales so far this year are 4.8 percent behind last year, but the average sale price is up 4.6 percent and the median sales price is up 3.1 percent.

The new quarterly statistics are "part of a period of stabilization we've seen over the past two years" in local residential sales, said Bob S. Reid, president of Appraisal Consultants Inc. of Evansville, which compiled the data. "Property values are holding, and sales are steady also," he said. The period from 2007 through most of 2009 saw a substantial decline.

Read more here: Evansville Courier-News

Source: http://www.americantowns.com/in/evansville/news/home-sales-point-to-continued-039-stabilization-039-period-7209434

 

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Rolando Trentini

Evansville, IN

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F.C.TuckerEmge Realtors, LLC

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About Me The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!


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