Pocatello, ID - Local Housing Data - Summary

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Pocatello, ID

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Pocatello, ID Local News

  • Pocatello, ID - December 2013 - Figures for New Home Closings Suggest Market Decrease is Mounting

    New home sales fell in Pocatello, ID in December. Foreclosures as a percentage of existing home closings rose, climbing 9.6% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 5.8% percentage points. Mortgage amounts on new homes dropped 14...

  • Pocatello, ID - November 2013 - New home Closings Swing Down

    New home sales fell year-over-year in Pocatello, ID in November. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 12.3% percentage points. Foreclosures as a percentage of existing home closings rose, climbing 7.2% percentage points. Average prices of new...

  • Pocatello, ID - November 2013 - New Home Closings Figures Drop

    New home sales fell year-over-year in Pocatello, ID in November. Average prices of new and existing homes dropped 6.2%. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 12.3% percentage points. Foreclosures as a percentage of existing home closings rose,...

Prices of New Homes Increase in Pocatello, Sales Drop According to Recent Data

Posted on: Apr 06, 2014 07:33:16 AM

New home closings sank year-over-year in January in the Pocatello, ID market, but the decline was less than the year-over-year decline in December. New home closings moved from 3 a year earlier to 2 after the figure moved from 5 in December 2012 to 1 in December 2013.

A total of 47 new homes were sold during the 12 months that ended in January, down from 48 for the year that ended in December.

New home closings were 2 out of the 83 total closings, a move on a percentage basis from 3 of 95 a year earlier. For new and existing homes, closings slid in January after also declining in December year-over-year.

Pricing and Mortgage Trends

The average price of new homes rose to $202,287 from last year's $123,833. This followed a 9.7% decline in December from a year earlier.

Average mortgage size on new homes rose from $110,321 to $186,958. Average mortgage size on new homes went from $195,279 in December 2012 to $166,481 in December 2013.

 
 
 

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