Recent Numbers For Grand Junction Show New Home Closings and Prices Increase
Posted on: Jul 06, 2014 07:13:54 AM
In the Grand Junction, CO market in April, new home closings rose year-over-year, moving upward off a drop in March 2014. Closings rose 11.1% from a year earlier to 20. This came on the heels of a 40.0% decline year-over-year in March.
A total of 198 new homes were sold during the 12 months that ended in April, up from 196 for the year that ended in March.
Out of all housing closings, new home closings accounted for 7.0%. This marks a rise from 6.0% of total closings a year earlier. Following a year-over-year decline in March, closings of new and existing homes also sank year-over-year in April.
Pricing and Mortgage Trends
For newly sold homes, the average price climbed 1.9% year-over-year in April to $232,825 per unit. This rise compares to a 8.8% fall in March from a year earlier.
Average mortgage size on new homes sank year-over-year in contrast to new home prices. In April 2014, the average mortgage size on newly sold homes saw a 13.1% fall from a year earlier. In March 2014, average mortgage size on newly sold homes saw a 2.4% decline from a year earlier.