Latest Figures Indicate Prices of New Homes Climb, Sales Stay Level in Sheboygan
Posted on: Jul 06, 2014 07:34:10 AM
The Sheboygan, WI market saw no change in new home closings year-over-year in April, staying flat after advancing year-over-year in March from the year earlier. New home closings moved from 2 a year earlier to 2 after the figure moved from none in March 2013 to 1 in March 2014. Closings remained level at 2 from a year earlier after the figure moved from none in March 2013 to 1 in March 2014.
New home closings were 2 out of the 150 total closings, a move on a percentage basis from 2 of 164 a year earlier. Closings of new and existing homes declined year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $484,150, an increase from $138,000 a year earlier. This followed a shift to an average price of $271,900 in March 2014 after there were no closings in March 2013.
From the year-ago figure of $90,891, the average mortgage size on new homes moved up to $382,500.
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.