New Home Sales Rise in Casper, Prices Decrease According to Newest Data
Posted on: Mar 06, 2014 07:06:40 AM
New home closings in the Casper, WY market climbed year-over-year in November, swinging upward off a fall in October 2013. There was a 13.3% rise in new home closings from a year earlier. This followed a 31.0% decline year-over-year in October.
A total of 245 new homes were sold during the 12 months that ended in November, up from 243 for the year that ended in October.
Of 149 total closings, 17 were of new homes. This is an increase on a percentage basis, as new home closings were 7.7% of total closings a year ago. Following a year-over-year decline in October, closings of new and existing homes also fell year-over-year in November.
Pricing and Mortgage Trends
Average price of newly sold homes had a 3.7% fall year-over-year to $291,903 per unit in November. This drop compares to a 12.7% surge in October year-over-year.
Average mortgage size on new homes declined year-over-year in contrast to new home prices. In November 2013, average mortgage size on new homes sold was $257,229, down 2.1% from a year earlier. In October 2013, average mortgage size on newly sold homes saw a 21.2% lift year-over-year from a year earlier.