Newest Figures Show New Home Sales Increase in Eau Claire, Prices Decrease
Posted on: Feb 11, 2014 07:10:28 AM
In the Eau Claire, WI market in October, closings of new homes climbed year-over-year, but the increase was less than September 2013. New home closings moved from 4 a year earlier to 8 after the figure moved from 1 in September 2012 to 5 in September 2013.
A total of 56 new homes were sold during the 12 months that ended in October, up from 52 for the year that ended in September.
New home closings were 8 out of 111 total closings, making up 7.2%. This is up on a percentage basis from 4 of 198 a year earlier. Following a year-over-year increase in September, closings of new and existing homes sank year-over-year in October.
Pricing and Mortgage Trends
The average per-unit price of new homes was $173,350, compared with $188,100 last year. This followed a 22.5% hike in September year-over-year.
The average mortgage size went down to $176,089 from $209,360 a year earlier. Average mortgage size on new homes went from $72,300 in September 2012 to $102,758 in September 2013.