Latest Numbers For Casper Show New Home Closings and Prices Climb
Posted on: May 06, 2013 07:05:43 AM
There was an increase in closings of new homes in the Casper, WY market in January year-over-year, showing growth after remaining stable in December from the year earlier. New home closings saw a climb of 33.3% from a year earlier to 20. Closings were level in December from the year earlier.
A total of 235 new homes were sold during the 12 months that ended in January, up from 230 for the year that ended in December.
As a percentage of overall housing closings, new home closings represented 14.6%. This is a hike from 11.3% of closings a year earlier. After dropping in December from a year earlier, closings of new and existing homes increased year-over-year in January.
Pricing and Mortgage Trends
Average price of newly sold homes saw a 15.7% hike year-over-year in January to $314,263 per unit. This rise follows a move from $299,522 per unit to $298,910 from December 2011 to December 2012.
For newly sold homes, the average mortgage size saw a rise year-over-year along with new home prices. In January 2013, there was a 9.5% rise in the average mortgage size, reaching $255,474. Average mortgage size dipped 8.8% in December 2012 from a year earlier. For new home closings, the percentage of the sale price that was being financed fell 4.7 percentage points year-over-year to 81.3% in January 2013.