Latest Numbers For Elkhart Show New Home Closings and Prices Climb
Posted on: Dec 06, 2013 07:14:26 AM
The Elkhart, IN market saw an increase in closings of new homes in September year-over-year, and the increase was greater than August 2013. New home closings moved from 8 a year earlier to 15 after the figure moved from 8 in August 2012 to 11 in August 2013.
A total of 99 new homes were sold during the 12 months that ended in September, up from 92 for the year that ended in August.
New home closings were 15 out of 133 total closings, making up 11.3%. This is up on a percentage basis from 8 of 127 a year earlier. For new and existing homes, closings rose year-over-year in September after also increasing in August year-over-year.
Pricing and Mortgage Trends
The average new home value went from $247,809 last year to $265,721. This came after a 11.1% lift in August year-over-year.
Average mortgage size on new homes increased to $237,828 from $225,703 last year. Average mortgage size on new homes went from $215,864 in August 2012 to $223,479 in August 2013.