New Home Prices Climb in Anchorage According to Latest Figures, Sales Drop
Posted on: Mar 06, 2014 07:01:20 AM
Closings of new homes in the Anchorage, AK market dropped year-over-year in December, drawing a downward slope off of a rise in November 2013. New home closings saw a 18.6% drop from a year earlier to 35. This came on the heels of a 32.4% jump year-over-year in November.
A total of 523 new homes were sold during the 12 months that ended in December, down from 531 for the year that ended in November.
Out of all housing closings, new home closings made up 6.2%. A year ago, 6.0% of total closings were new home closings. After remaining steady in November from a year earlier, closings of new and existing homes slid year-over-year in December.
Pricing and Mortgage Trends
In December, the average price of newly sold homes increased 11.5% year-over-year to $369,673 per unit. This gain compares to a 9.2% decline in November from a year earlier.
For newly sold homes, the average mortgage size saw a hike year-over-year along with new home prices. Average mortgage size rose 9.8% to $322,779 in December from a year earlier. Average mortgage size sank 6.6% in November 2013 from a year earlier.