New Home Prices Climb in Idaho Falls According to Latest Figures, Sales Decrease
Posted on: Nov 12, 2013 07:20:54 AM
In the Idaho Falls, ID market, new home closings sank year-over-year in August, dropping after a year-over-year increase in July 2013. New home closings moved from 21 a year earlier to 13 after the figure moved from 18 in July 2012 to 21 in July 2013.
A total of 193 new homes were sold during the 12 months that ended in August, down from 201 for the year that ended in July.
New home closings were 13 out of the 262 total closings, down on a percentage basis from 21 of 254 a year earlier. For new and existing homes, closings grew year-over-year in August after also increasing in July year-over-year.
Pricing and Mortgage Trends
The average new home price was $207,227, up from $189,214 a year earlier. This followed a 7.9% bump in July year-over-year.
From the year-ago figure of $157,554, the average mortgage size on new homes moved up to $166,933. In July 2013, average mortgage size climbed 8.7% from a year earlier.