Recent Numbers For Boulder Show New Home Closings and Prices Rise
Posted on: Jul 06, 2014 07:04:30 AM
In the Boulder, CO market in April, new home closings climbed year-over-year, on an upswing after a decline in March 2014. New home closings saw a jump of 41.7% from the year earlier to 34. This came after a 33.3% drop year-over-year in March.
A total of 448 new homes were sold during the 12 months that ended in April, up from 438 for the year that ended in March.
Of 583 total closings, 34 were of new homes. This marks a rise from 4.2% of total closings a year earlier. After dropping in March from a year earlier, closings of new and existing homes gained year-over-year in April.
Pricing and Mortgage Trends
In April, there was a 5.7% bump year-over-year in the average price of newly sold homes, reaching $466,293 per unit. This hike is higher than the 5.5% bump in March year-over-year.
The average mortgage size on new homes moved north year-over-year along with new home prices. It grew 32.6% in April from a year earlier to $366,438. Average mortgage size climbed 4.8% in March 2014 from a year earlier.