Newest Figures Show New Home Prices Increase, Sales Decrease in Sheboygan
Posted on: Jan 15, 2013 07:41:10 AM
In October, the Sheboygan, WI market saw a fall year-over-year in new home closings, dropping after staying level in September. Closings stood at one in October after being three a year earlier and the figure was unchanged at three in September from a year earlier.
A total of 26 new homes were sold during the 12 months that ended in October, down from 28 for the year that ended in September.
New home closings accounted for one of the 141 total closings, a smaller percentage compared with three of 110 closings a year earlier. Following a year-over-year increase in September, closings of new and existing homes also climbed year-over-year in October.
The average price for newly sold homes moved north to $559,900 from $115,867 a year ago. This came after a 63.2% hike in September year-over-year.
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. Single-family home closings made up all of new closings after accounting for no part of closings a year earlier. Meanwhile, attached units made up no part of new closings after making up all of closings a year earlier.