Newest Figures Show New Home Sales and Prices Increase in Boulder
Posted on: Mar 06, 2014 07:05:23 AM
New home closings grew year-over-year in December in the Boulder, CO market, moving upward after showing little movement in November from the year earlier. New home closings saw a 10.4% jump from a year earlier to 53. Closings remained the same in November from the year earlier.
A total of 461 new homes were sold during the 12 months that ended in December, up from 456 for the year that ended in November.
New home closings made up 12.6% of overall housing closings. A year earlier, new home closings accounted for 11.7% of total closings. After dropping in November from a year earlier, closings of new and existing homes gained year-over-year in December.
Pricing and Mortgage Trends
Average price of newly sold homes saw a 11.9% surge year-over-year in December to $434,431 per unit. This boost is smaller than the 24.3% hike in November year-over-year.
The average mortgage size on newly sold homes saw a bump year-over-year along with new home prices. It grew to $361,244 in December, a 37.9% rise. In November 2013, average mortgage size increased 2.4% from a year earlier.