New Home Prices Rise in Appleton According to Recent Figures, Sales Decline
Posted on: Jul 06, 2014 07:01:43 AM
In April, the Appleton, WI market saw a fall year-over-year in new home closings, a decline following a rise in March 2014. New home closings moved from 14 a year earlier to 10 after the figure moved from 16 in March 2013 to 18 in March 2014.
A total of 233 new homes were sold during the 12 months that ended in April, down from 237 for the year that ended in March.
New home closings represented 10 out of the 356 total closings, which is a smaller percentage than the 14 of 317 total closings a year earlier. For new and existing homes, closings jumped year-over-year in April after also increasing in March year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $230,570, an increase from $197,286 a year earlier. This followed a 5.0% fall in March from a year earlier.
From the year-ago figure of $176,719, the average mortgage size on new homes moved up to $197,985. In March 2014, average mortgage size dropped 10.6% from a year earlier.