Freshest Figures Show New Home Sales and Prices Climb in Pocatello
Posted on: Dec 06, 2013 07:36:58 AM
The Pocatello, ID market saw a rise in new home closings in September year-over-year, and the increase was greater than August 2013. New home closings moved from 1 a year earlier to 5 after the figure moved from 3 in August 2012 to 6 in August 2013.
A total of 54 new homes were sold during the 12 months that ended in September, up from 50 for the year that ended in August.
New home closings were 5 out of 137 total closings, making up 3.6%. This is up on a percentage basis from 1 of 107 a year earlier. Following a year-over-year increase in August, closings of new and existing homes also increased year-over-year in September.
Pricing and Mortgage Trends
The average price of new homes rose to $225,774 from last year's $175,875. This followed a 4.2% gain in August year-over-year.
Average mortgage size on new homes increased to $182,439 from $140,700 last year. Average mortgage size on new homes went from $186,833 in August 2012 to $172,521 in August 2013.