New Home Prices Gain in Altoona According to Freshest Data, Sales Steady
Posted on: Apr 06, 2013 07:00:54 AM
New home closings in the Altoona, PA market remained steady year-over-year in December, staying flat after advancing year-over-year in November from the year earlier. Closings remained level at two from a year earlier after the figure moved from two in November 2011 to three in November 2012.
A total of 15 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
Two of the 96 total closings were new home closings, a shift on a percentage basis from two out of 91 a year earlier. Closings of new and existing homes rose year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
The average new home value went from $117,775 last year to $237,675,. This followed a 36.2% lift in November year-over-year.
The average mortgage size on new homes was $222,174, up from $170,550. Average mortgage size on new homes went from $168,372 in November 2011 to $274,714 in November 2012.