New Home Closings and Prices in Cheyenne Increase According to Newest Figures
Posted on: Jul 06, 2014 07:06:46 AM
New home closings in the Cheyenne, WY market grew year-over-year in April, and the increase was greater than March 2014. New home closings moved from 14 a year earlier to 18 after the figure moved from 16 in March 2013 to 18 in March 2014.
A total of 247 new homes were sold during the 12 months that ended in April, up from 243 for the year that ended in March.
New home closings were 18 out of 189 total closings, making up 9.5%. This is up on a percentage basis from 14 of 224 a year earlier. After remaining steady in March from a year earlier, closings of new and existing homes slid year-over-year in April.
Pricing and Mortgage Trends
The average new home price was $279,868, up from $256,604 a year earlier. This followed a 12.7% bump in March year-over-year.
Average mortgage size on new homes went from $228,571 a year earlier to $255,984. In March 2014, average mortgage size on newly sold homes saw a 12.2% rise year-over-year from a year earlier.