Freshest Figures Indicate Prices of New Homes Gain, Sales Stay Level in Anchorage
Posted on: May 06, 2013 07:01:25 AM
New home closings in the Anchorage, AK market stayed the same year-over-year in February, stabilizing after a rise in January from the year earlier. Closings remained steady from a year earlier at 23, compared with a 47.6% climb in January year-over-year.
A total of 430 new homes were sold during the 12 months that ended in February, equal to the number of new homes sold for the year that ended in January.
For new and existing homes, closings rose year-over-year in February after also increasing in January year-over-year.
Pricing and Mortgage Trends
The average price of new homes jumped year-over-year in February to $333,589 per unit, a rise of 10.0%. This bump is smaller than the 27.3% lift in January year-over-year.
For newly sold homes, the average mortgage size saw a boost year-over-year along with new home prices. In February 2013, the average mortgage size was $306,066, a 10.7% surge from a year earlier. Average mortgage size rose 24.2% in January 2013 from a year earlier. The overall percentage of sale price that was being financed went from 91.2% of average price to 91.7% from a year earlier. In January 2013, the figure declined 2.2 percentage points from the year earlier.