Latest Numbers For La Crosse Show New Home Closings and Prices Rise
Posted on: Oct 06, 2013 07:22:22 AM
New home closings jumped year-over-year in June in the La Crosse, WI market, rebounding from a year-over-year decline in May 2013. New home closings moved from 1 a year earlier to 2 after the figure moved from 3 in May 2012 to none in May 2013.
New home closings were 2 out of the 149 total closings, a move on a percentage basis from 1 of 179 a year earlier. Following a year-over-year increase in May, closings of new and existing homes sank year-over-year in June.
The average price of new homes was $280,750, an increase from $179,900 a year earlier. This came after a.
Other Market Trends
As a share of new home closings, single-family home closings have risen from last year while the share belonging to attached units has fallen.
Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in June, but did not appear to be dragging the market. Out of all existing home closings, foreclosures combined with REO closings accounted for 8.8% of closings, below 13.5% a year earlier. The percentage of existing home closings involving foreclosures slid to 3.4% in June from 7.3% a year earlier and REO closings moved from 6.2% of existing home closings in June 2012 to 5.4% in June 2013.