Newest Figures Show New Home Sales and Prices Rise in Grand Junction
Posted on: Apr 06, 2014 07:16:00 AM
In January, closings of new homes in the Grand Junction, CO market climbed year-over-year, but the increase was less than December 2013. New home closings moved from 10 a year earlier to 17 after the figure moved from 11 in December 2012 to 19 in December 2013.
A total of 200 new homes were sold during the 12 months that ended in January, up from 193 for the year that ended in December.
New home closings were 17 of the 141 total closings, up on a percentage basis from 10 of 215 a year earlier. For new and existing homes, closings dropped in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $248,675 from last year's $197,585. This followed a 5.2% hike in December year-over-year.
Average mortgage size on new homes rose from $168,609 to $210,643. Average mortgage size on new homes went from $206,126 in December 2012 to $224,391 in December 2013.