Freshest Numbers Show New Home Closings Gain in Casper, Prices Decrease
Posted on: Jul 06, 2014 07:05:42 AM
Closings of new homes climbed year-over-year in March in the Casper, WY market, rebounding from a year-over-year decline in February 2014. New home closings moved from 16 a year earlier to 22 after the figure moved from 18 in February 2013 to 12 in February 2014.
A total of 255 new homes were sold during the 12 months that ended in March, up from 249 for the year that ended in February.
Of 187 total closings, 22 were of new homes. This is a rise from 10.1% of closings a year earlier. Following a fall in February year-over-year, closings of new and existing homes increased year-over-year in March.
Pricing and Mortgage Trends
The average price of new homes fell 5.3% year-over-year in March to $285,839 per unit. This decline is a drop off from the 15.6% fall in February from a year earlier.
Average mortgage size on new homes saw a drop year-over-year in contrast to prices of new homes. The average mortgage size slid to $248,228 in March, marking a 10.3% decline compared with last year. Average mortgage size on new homes went from $253,690 in February 2013 to $226,266 in February 2014.