New Home Prices Increase in Green Bay According to Newest Figures, Sales Decline
Posted on: Aug 08, 2014 11:24:29 AM
In the Green Bay, WI market in April, new home closings slid year-over-year, but the decline was less than the year-over-year decline in March. New home closings moved from 27 a year earlier to 20 after the figure moved from 17 in March 2013 to 7 in March 2014.
A total of 220 new homes were sold during the 12 months that ended in April, down from 227 for the year that ended in March.
Of the total number of closings, new home closings made up 5.1%. New home closings were 4.9% of overall closings last year. Closings of new and existing homes dropped year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
In April, the average price of newly sold homes grew year-over-year to $218,575 per unit, a 19.1% bump. This hike is an improvement over the 15.8% rise in March year-over-year.
Average mortgage size on new homes increased year-over-year along with new home prices. It climbed to $181,892 in April, a 2.8% surge. Average mortgage size on new homes went from $182,098 in March 2013 to $216,892 in March 2014.