New Home Sales and Prices Both Climb in Harrisburg According to Newest Data
Posted on: Apr 06, 2014 07:17:24 AM
In the Harrisburg, CA market, closings of new homes rose year-over-year in January, rising after a fall in December 2013. There was a 10.3% boost in new home closings from a year earlier. This came on the heels of a 10.5% drop year-over-year in December.
A total of 734 new homes were sold during the 12 months that ended in January, up from 731 for the year that ended in December.
Of 404 total closings, 32 were of new homes. This is better than the 6.8% of closings a year earlier. For new and existing homes, closings fell in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes jumped year-over-year to $281,510 in January, up 6.5% from last year. This surge follows a move from $278,005 per unit in December 2012 to $279,156 in December 2013.
Average mortgage size on new homes increased year-over-year along with new home prices. The average mortgage size saw a 23.0% bump year-over-year to $262,799 in January. In December 2013, average mortgage size on newly sold homes saw a 17.4% boost year-over-year from a year earlier.