Latest Numbers Show New Home Closings Gain in Casper, Prices Drop
Posted on: Apr 06, 2014 07:06:41 AM
In the Casper, WY market, closings of new homes rose year-over-year in December, and the percentage hike was sharper than November 2013, hinting that the market may be strengthening. Closings gained 73.3% from a year earlier to 26. In comparison, new home closings in the same month last year saw a 13.3% hike year-over-year in November.
A total of 256 new homes were sold during the 12 months that ended in December, up from 245 for the year that ended in November.
As a percentage of overall housing closings, new home closings made up 13.3%. This is a surge from 10.2% of closings a year earlier. After dropping in November from a year earlier, closings of new and existing homes climbed year-over-year in December.
Pricing and Mortgage Trends
In December, there was a 1.9% decline year-over-year in the average per-unit price of newly sold homes, settling at $293,211. This decline is a drop off from the 3.7% drop in November from a year earlier.
Average mortgage size on new homes slid year-over-year in contrast to new home prices. The average mortgage size dropped to $244,381 in December, marking a 1.4% fall compared with last year. In November 2013, average mortgage size on newly sold homes saw a 2.1% drop from a year earlier.