New Home Closings and Prices in Wausau Rise According to Freshest Figures
Posted on: Nov 12, 2013 07:51:26 AM
New home closings in the Wausau, WI market increased year-over-year in August, but the increase was less than July 2013. New home closings moved from 2 a year earlier to 5 after the figure moved from 3 in July 2012 to 8 in July 2013.
A total of 46 new homes were sold during the 12 months that ended in August, up from 43 for the year that ended in July.
5 of the 256 total closings were new home closings, a shift on a percentage basis from 2 out of 190 a year earlier. Following a year-over-year increase in July, closings of new and existing homes also jumped year-over-year in August.
Pricing and Mortgage Trends
The average price of new homes rose to $189,740 from last year's $105,000. This followed a 27.2% surge in July year-over-year.
Average mortgage size on new homes went from $94,350 a year earlier to $138,368. Average mortgage size on new homes went from $162,967 in July 2012 to $233,564 in July 2013.