New Home Sales Rise in Casper, Prices Decline According to Recent Data
Posted on: Aug 08, 2014 11:12:39 AM
There was an increase in new home closings in the Casper, WY market in March year-over-year, 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.
Out of all housing closings, new home closings accounted for 11.8%. This is an increase on a percentage basis, as new home closings were 10.1% of total closings a year ago. After dropping in February from a year earlier, closings of new and existing homes increased year-over-year in March.
Pricing and Mortgage Trends
For newly sold homes, the average price declined 5.3% year-over-year in March to $285,839 per unit. This drop is a drop off from the 15.6% fall in February from a year earlier.
For newly sold homes, the average mortgage size dropped year-over-year in contrast to average price of new homes. Average mortgage size slid 10.3% to $248,228 in March from a year earlier. Average mortgage size on new homes went from $253,690 in February 2013 to $226,266 in February 2014.