Recent Figures Show New Home Prices Rise, Sales Decrease in Eau Claire
Posted on: May 06, 2013 07:10:27 AM
New home closings declined year-over-year in January in the Eau Claire, WI market, declining after staying relatively stable in December from the year earlier. Closings stood at one in January after being two a year earlier and the figure was unchanged at two in December from a year earlier.
A total of 33 new homes were sold during the 12 months that ended in January, down from 34 for the year that ended in December.
One of the 72 total closings were new home closings, a shift on a percentage basis from two out of 129 a year earlier. Following a year-over-year rise in December, closings of new and existing homes fell year-over-year in January.
Pricing and Mortgage Trends
The average price of new homes rose to $232,000 from last year's $119,900. This came after a 5.4% rise in December year-over-year.
Average mortgage size on new homes increased to $208,800 from $107,910 last year. Average mortgage size on new homes went from $212,415 in December 2011 to $170,900 in December 2012. The overall percentage of sale price that was being financed was relatively unchanged from January 2012 to January 2013 at 90.0%. In December, the figure saw a 20.1 percentage point decline from a year earlier.