Freshest Numbers Show Prices of New Homes Increase in Elizabethtown, Sales Decrease
Posted on: Jul 06, 2014 07:11:05 AM
The Elizabethtown, KY market saw a drop in new home closings year-over-year in April, a decline following a rise in March 2014. New home closings moved from 8 a year earlier to 5 after the figure moved from 9 in March 2013 to 11 in March 2014.
A total of 109 new homes were sold during the 12 months that ended in April, down from 112 for the year that ended in March.
New home closings were 5 out of the 124 total closings, a move on a percentage basis from 8 of 224 a year earlier. Following a year-over-year decline in March, closings of new and existing homes also declined year-over-year in April.
Pricing and Mortgage Trends
The average price of new homes was $240,400, an increase from $201,106 a year earlier. This followed a 12.0% lift in March year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $207,130 to $199,918. Average mortgage size on new homes went from $223,977 in March 2013 to $156,788 in March 2014.