New Home Sales and Prices Both Rise in Greeley According to Latest Data
Posted on: Jul 06, 2014 07:14:17 AM
In the Greeley, CO market, new home closings jumped year-over-year in April, and the market seemed to be hinting at strengthening with a percentage lift more robust than March 2014. Closings rose 66.7% from a year earlier to 100. In comparison, new home closings in the same month last year saw a 7.1% jump year-over-year in March.
A total of 1,034 new homes were sold during the 12 months that ended in April, up from 994 for the year that ended in March.
Of 575 total closings, 100 were of new homes. This is better than the 10.3% of closings a year earlier. Closings of new and existing homes fell year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes rose year-over-year to $296,166 in April, up 9.9% from last year. This gain is better than the 5.8% boost in March year-over-year.
The average mortgage size on new homes moved north year-over-year along with new home prices. It jumped 3.9% in April from a year earlier to $253,939. Average mortgage size gained 5.5% in March 2014 from a year earlier.