Newest Figures Show New Home Sales and Prices Climb in Cheyenne
Posted on: May 06, 2013 07:06:40 AM
In the Cheyenne, WY market in February, closings of new homes grew year-over-year, rebounding from a year-over-year decline in January 2013. New home closings moved from 11 a year earlier to 13 after the figure moved from 17 in January 2012 to five in January 2013.
A total of 242 new homes were sold during the 12 months that ended in February, up from 240 for the year that ended in January.
New home closings were 13 of the 154 total closings, up on a percentage basis from 11 of 162 a year earlier. Closings of new and existing homes fell year-over-year in February after also falling in January year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $268,174 from last year's $232,793. This came after a 41.4% surge in January year-over-year.
Average mortgage size on new homes moved from $227,363 to $228,243. Average mortgage size on new homes went from $250,645 in January 2012 to $358,193 in January 2013. On average, the percentage of new home sale price being financed saw a 12.6 percentage point decline from a year earlier. It went from 94.0% in January 2012 to 95.0% in January 2013.