Fairbanks, AK - Local Housing Data - Summary

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Fairbanks, AK Local News

  • Fairbanks, AK - December 2013 - Figures For New Home Closings Rise

    New home sales rose year-over-year in Fairbanks, AK in December. The percentage of new home closings belonging to single family homes rose, climbing 50.0% percentage points. The percentage of new home closings belonging to attached homes dropped, falling 50.0% percentage points. Average prices of...

  • Fairbanks, AK - November 2013 - New Home Closings Stay Level

    New home sales remained level from a year ago in November. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 4.5% percentage points. Average prices of new homes moved up, rising 34.8%. Average prices of new and existing homes dropped 0.2%. Foreclosures as a...

  • Fairbanks, AK - September 2013 - New Home Closings Figures Drop

    New home sales fell year-over-year in Fairbanks, AK in September. Average prices of new and existing homes moved up, rising 4.8%. Foreclosures as a percentage of existing home closings rose, climbing 7.7% percentage points. Mortgage amounts on new homes dropped 2.9%.

Newest Figures Show New Home Sales and Prices Fall in Fairbanks

Posted on: Apr 06, 2014 07:13:31 AM

In the Fairbanks, AK market in January, closings of new homes dropped year-over-year, sliding after a growth in December 2013. New home closings moved from 2 a year earlier to 1 after the figure moved from 2 in December 2012 to 3 in December 2013.

On a percentage basis, new home closings as a part of total closings decreased to 1.1% from 2.5% a year earlier. For new and existing homes, closings rose year-over-year in January after also increasing in December year-over-year.

Pricing and Mortgage Trends

The average new home price was $233,438, down from $257,735 a year earlier. This followed a 25.7% gain in December year-over-year.

The average mortgage size moved to $186,750, down from last year's $262,995. Average mortgage size on new homes went from $215,956 in December 2012 to $256,808 in December 2013.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in January 2014.

 
 
 

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