Prices of New Homes Rise in Pueblo, Sales Drop According to Newest Data
Posted on: Apr 06, 2014 07:34:33 AM
In the Pueblo, CO market in January, closings of new homes fell year-over-year, dropping after a year-over-year increase in December 2013. New home closings moved from 9 a year earlier to 5 after the figure moved from 7 in December 2012 to 8 in December 2013.
A total of 90 new homes were sold during the 12 months that ended in January, down from 94 for the year that ended in December.
Last year, 9 of 213 total closings were new homes, and this percentage saw a decline as new home closings this year made up 5 of the 204 total closings. Following a year-over-year rise in December, closings of new and existing homes declined year-over-year in January.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $324,953 from $238,844 a year ago. This came after a 24.0% lift in December year-over-year.
Average mortgage size on new homes went from $164,891 a year earlier to $327,957. Average mortgage size on new homes went from $178,906 in December 2012 to $203,269 in December 2013.