Freshest Numbers Indicate New Home Closings and Prices Decrease in Boulder
Posted on: Apr 06, 2014 07:05:25 AM
Closings of new homes fell year-over-year in January in the Boulder, CO market, drawing a downward slope off of a rise in December 2013. New home closings saw a 33.3% drop from a year earlier to 18. This followed a 12.5% climb year-over-year in December.
A total of 455 new homes were sold during the 12 months that ended in January, down from 464 for the year that ended in December.
New home closings represented 6.3% of overall housing closings. This is down from the 8.8% of closings a year earlier. After rising year-over-year in December, closings of new and existing homes slid year-over-year in January.
Pricing and Mortgage Trends
The average per-unit value of new homes fell year-over-year to $402,122 in January, a fall of 11.8% from a year earlier. This decline compares to a 11.9% hike in December year-over-year.
The average mortgage size on new homes moved north year-over-year in contrast to new home prices. It jumped 4.4% in January from a year earlier to $328,945. In December 2013, average mortgage size gained 37.9% from a year earlier.