New Home Sales and Prices Both Rise in Lewiston According to Freshest Data
Posted on: Mar 06, 2014 07:23:48 AM
The Lewiston, ME market saw an increase in closings of new homes in December year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 1 a year earlier to 2 after the figure moved from 3 in November 2012 to 1 in November 2013.
New home closings were 2 of the 77 total closings, up on a percentage basis from 1 of 76 a year earlier. Closings of new and existing homes gained year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $237,541 from $221,875 a year ago. This was on the heels of a 51.5% drop in November from a year earlier.
Average mortgage size on new homes increased to $238,967 from $177,500 last year. Average mortgage size on new homes went from $262,308 in November 2012 to $150,228 in November 2013.
Other Market Trends
The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.