Freshest Numbers For Appleton Show New Home Closings and Prices Increase
Posted on: Dec 06, 2013 07:02:38 AM
There was an increase in closings of new homes in the Appleton, WI market in September year-over-year, but the percentage surge, which was less than August 2013, seemed to suggest market leveling. Closings rose 10.0% from a year earlier to 22. This followed a 26.3% jump year-over-year in August.
A total of 227 new homes were sold during the 12 months that ended in September, up from 225 for the year that ended in August.
Of the total number of closings, new home closings made up 7.1%. New home closings were 6.5% of overall closings last year. After new and existing closings climbed in August year-over-year, they stayed level in September.
Pricing and Mortgage Trends
In September, there was a 10.1% lift year-over-year in the average price of newly sold homes, reaching $230,550 per unit. This gain follows a move from $225,711 per unit in August 2012 to $224,363 in August 2013.
In September 2013, average mortgage size on new homes went from $187,271 in September 2012 to $188,808 in September 2013. In August 2013, average mortgage size sank 5.9% from a year earlier.