Latest Figures Show New Home Sales Level from Last Year, Prices Drop in Carson City
Posted on: Dec 06, 2013 07:07:40 AM
The Carson City, NV market saw no change in new home closings year-over-year in September, staying flat after advancing year-over-year in August from the year earlier. New home closings moved from 1 a year earlier to 1 after the figure moved from none in August 2012 to 3 in August 2013. Closings remained level at 1 from a year earlier after the figure moved from none in August 2012 to 3 in August 2013.
New home closings were 1 out of the 71 total closings, a move on a percentage basis from 1 of 51 a year earlier. Closings of new and existing homes gained year-over-year in September after also rising in August year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in September 2013 was $420,100, down from last year's $526,690. This was on the heels of a shift to an average price of $337,839 in August 2013 after there were no closings in August 2012.
There was a decline in average mortgage size on new homes, going from $400,000 last year to $336,000 in September 2013.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in September 2013.