Recent Numbers Show Prices of New Homes Gain in Battle Creek, Sales Drop
Posted on: Apr 06, 2013 07:03:08 AM
In January, the Battle Creek, MI market saw a fall year-over-year in new home closings, but the decline was less than the year-over-year decline in December. New home closings moved from two a year earlier to one after the figure moved from two in December 2011 to none in December 2012.
A total of 12 new homes were sold during the 12 months that ended in January, down from 13 for the year that ended in December.
New home closings were one out of the 122 total closings, a move on a percentage basis from two of 171 a year earlier. For new and existing homes, closings slid in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $108,000, an increase from $33,000 a year earlier. This came after a
From the year-ago figure of $34,650, the average mortgage size on new homes moved up to $114,350.