Newest Figures Show New Home Sales Rise in Idaho Falls, Prices Fall
Posted on: Aug 08, 2014 11:27:10 AM
In the Idaho Falls, ID market, new home closings increased year-over-year in May, rebounding from a year-over-year decline in April 2014. New home closings moved from 3 a year earlier to 4 after the figure moved from 4 in April 2013 to 1 in April 2014.
A total of 28 new homes were sold during the 12 months that ended in May, up from 27 for the year that ended in April.
New home closings were 4 out of the 245 total closings, a move on a percentage basis from 3 of 259 a year earlier. Following a year-over-year rise in April, closings of new and existing homes fell year-over-year in May.
Pricing and Mortgage Trends
The average new home price was $183,010, down from $201,042 a year earlier. This followed a 6.7% bump in April year-over-year.
Average mortgage size on new homes fell from $171,077 to $152,488. Average mortgage size on new homes went from $184,714 in April 2013 to $187,615 in April 2014.