Prices of New Homes Climb in Anchorage, Sales Steady According to Freshest Figures
Posted on: Apr 06, 2014 07:01:41 AM
New home closings in the Anchorage, AK market stayed the same year-over-year in January, evening out after a drop in December from the year earlier. Closings remained steady from a year earlier at 31. In the year-earlier month, there was a 18.6% decline in new home closings.
A total of 523 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
Of the total number of closings, new home closings made up 6.1%. A year ago, 6.2% of total closings were new home closings. Closings of new and existing homes rose year-over-year in January following a fall in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $386,399 per unit in January, up 1.7%from a year earlier. This lift is smaller than the 11.5% hike in December year-over-year.
For newly sold homes, the average mortgage size saw a gain year-over-year along with new home prices. In January 2014, the average mortgage size on newly sold homes saw a 3.1% hike from a year earlier. In December 2013, average mortgage size on newly sold homes saw a 9.8% lift year-over-year from a year earlier.