Recent Figures Show New Home Sales Climb in Lewiston, Prices Fall
Posted on: Jul 06, 2014 07:20:50 AM
In the Lewiston, ID market, new home closings grew year-over-year in April, rebounding from a year-over-year decline in March 2014. New home closings moved from 2 a year earlier to 4 after the figure moved from 1 in March 2013 to none in March 2014.
New home closings were 4 of the 115 total closings, up on a percentage basis from 2 of 102 a year earlier. Closings of new and existing homes gained year-over-year in April following a drop in March year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in April 2014 was $213,235, down from last year's $475,000. This was on the heels of a.
The average mortgage size moved to $170,588, down from last year's $380,000.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.