New Home Sales Rise in Elmira, Prices Decline According to Newest Data
Posted on: Dec 06, 2013 07:14:36 AM
There was an increase in closings of new homes in the Elmira, NY market in September year-over-year, and the increase was similar to August 2013. New home closings moved from 4 a year earlier to 5 after the figure moved from 8 in August 2012 to 10 in August 2013.
A total of 94 new homes were sold during the 12 months that ended in September, up from 93 for the year that ended in August.
5 of the 323 total closings were new home closings, a shift on a percentage basis from 4 out of 318 a year earlier. Following a year-over-year increase in August, closings of new and existing homes also jumped year-over-year in September.
Pricing and Mortgage Trends
The average per-unit price of new homes was $177,380, compared with $247,734 last year. This came after a 47.2% boost in August year-over-year.
Average mortgage size on new homes fell from $198,188 to $141,904. Average mortgage size on new homes went from $141,371 in August 2012 to $203,442 in August 2013.