Latest Numbers Show Prices of New Homes Climb in Pueblo, Sales Drop
Posted on: Dec 06, 2013 07:38:21 AM
In the Pueblo, CO market, new home closings fell year-over-year in September, dropping after a year-over-year increase in August 2013. New home closings moved from 8 a year earlier to 7 after the figure moved from 4 in August 2012 to 11 in August 2013.
A total of 90 new homes were sold during the 12 months that ended in September, down from 91 for the year that ended in August.
7 of the 270 total closings were new home closings, a shift on a percentage basis from 8 out of 273 a year earlier. For new and existing homes, closings declined in September after also declining in August year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $205,861 from last year's $180,784. This was on the heels of a 10.7% gain in August year-over-year.
Average mortgage size on new homes moved from $178,621 to $177,641. Average mortgage size on new homes went from $161,693 in August 2012 to $173,087 in August 2013.