Latest Figures Show New Home Prices Gain, Sales Fall in Greeley
Posted on: Dec 06, 2013 07:19:01 AM
In September, there was a decline year-over-year in new home closings in the Greeley, CO market, swinging downward off a year-over-year bump in August 2013. New home closings saw a fall of 17.6% from the year earlier to 56. This came on the heels of a 12.3% climb year-over-year in August.
A total of 895 new homes were sold during the 12 months that ended in September, down from 907 for the year that ended in August.
Out of all housing closings, new home closings represented 11.2%. This is down from the 13.4% of closings a year earlier. After increasing in August from a year earlier, closings of new and existing homes remained level in September.
Pricing and Mortgage Trends
In September, the average value of new homes saw a 2.7% rise year-over-year as it grew to $295,279 per unit. This hike is smaller than the 7.2% rise in August year-over-year.
Average mortgage size on new homes grew year-over-year along with new home prices. It climbed 4.0% in September from a year earlier to $262,088. In August 2013, average mortgage size on newly sold homes saw a 10.9% boost year-over-year from a year earlier.