New Home Closings and Prices in Wausau Fall According to Latest Figures
Posted on: Apr 06, 2014 07:45:24 AM
New home closings in the Wausau, WI market sank year-over-year in January, and the decline was similar to December 2013. New home closings moved from 4 a year earlier to 2 after the figure moved from 4 in December 2012 to 2 in December 2013.
New home closings were 2 out of the 99 total closings, a move on a percentage basis from 4 of 144 a year earlier. For new and existing homes, closings slid in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $134,784, compared with $162,667 last year. This followed a 68.4% bump in December year-over-year.
The average mortgage size moved to $132,305, down from last year's $181,450. Average mortgage size on new homes went from $172,316 in December 2012 to $308,700 in December 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 January 2014.