Recent Numbers Show New Home Prices Rise in Eau Claire, Sales Steady
Posted on: Jul 06, 2014 07:10:41 AM
The Eau Claire, WI market saw no change in new home closings year-over-year in March, remaining relatively stable after moving north year-over-year in February from the year earlier. Closings remained level at 3 from a year earlier after the figure moved from 2 in February 2013 to 8 in February 2014.
A total of 63 new homes were sold during the 12 months that ended in March, equal to the number of new homes sold for the year that ended in February.
New home closings were 3 out of the 129 total closings, a move on a percentage basis from 3 of 162 a year earlier. Following a year-over-year rise in February, closings of new and existing homes slid year-over-year in March.
Pricing and Mortgage Trends
The average price of new homes was $167,333, an increase from $129,467 a year earlier. This was on the heels of a 9.3% drop in February from a year earlier.
Average mortgage size on new homes went from $110,000 a year earlier to $136,040. It went from $138,600 to $137,608 from February 2013 to February 2014.