New Home Sales and Prices Fall in Grand Junction According to Newest Data
Posted on: Feb 12, 2014 07:08:36 AM
New home closings in the Grand Junction, CO market dropped year-over-year in November, and the decline was by a larger percentage than the October 2013. New home closings moved from 17 a year earlier to 12 after the figure moved from 20 in October 2012 to 16 in October 2013.
A total of 184 new homes were sold during the 12 months that ended in November, down from 189 for the year that ended in October.
12 of the 224 total closings were new home closings, a shift on a percentage basis from 17 out of 276 a year earlier. For new and existing homes, closings sank in November after also declining in October year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $235,088, compared with $240,560 last year. This was on the heels of a 5.2% hike in October year-over-year.
Average mortgage size on new homes fell from $226,463 to $204,483. Average mortgage size slid 5.9% in October 2013 from a year earlier.