New Home Sales and Prices Both Increase in Sheboygan According to Newest Data
Posted on: Dec 06, 2013 07:43:53 AM
In the Sheboygan, WI market, new home closings increased year-over-year in September, rebounding from a year-over-year decline in August 2013. New home closings moved from 3 a year earlier to 6 after the figure moved from 3 in August 2012 to 2 in August 2013.
New home closings were 6 out of 202 total closings, making up 3.0%. This is up on a percentage basis from 3 of 183 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 price for newly sold homes moved north to $369,800 from $255,333 a year ago. This was on the heels of a 30.8% hike in August year-over-year.
The average mortgage size moved to $236,477, down from last year's $260,772. Average mortgage size on new homes went from $95,900 in August 2012 to $111,500 in August 2013.
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.