New Home Sales Remain Level in Sheboygan, Prices Decline According to Freshest Data
Posted on: Mar 06, 2014 07:39:46 AM
New home closings in the Sheboygan, WI market stayed the same year-over-year in December, staying flat after advancing year-over-year in November from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 1 in November 2012 to 2 in November 2013.
New home closings were 1 out of the 113 total closings, a move on a percentage basis from 1 of 152 a year earlier. For new and existing homes, closings dropped in December after also declining in November year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in December 2013 was $253,600, down from last year's $547,100. This followed a 52.7% fall in November from a year earlier.
The average mortgage size moved to $142,500, down from last year's $417,000. Average mortgage size on new homes went from $349,600 in November 2012 to $197,661 in November 2013.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in December 2013.