Newest Numbers Show New Home Prices Increase in Fairbanks, Sales Steady
Posted on: Jun 06, 2014 07:14:53 AM
Closings of new homes in the Fairbanks, AK market remained unchanged year-over-year in March, staying flat after dropping year-over-year in February from the year earlier. Closings remained level at 2 from a year earlier after the figure moved from 3 in February 2013 to none in February 2014.
New home closings were 2 out of the 116 total closings, a move on a percentage basis from 2 of 99 a year earlier. For new and existing homes, closings gained year-over-year in March after also increasing in February year-over-year.
Pricing and Mortgage Trends
The average new home value went from $209,244 last year to $426,219. This followed a.
Average mortgage size on new homes went from $258,740 a year earlier to $370,751.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in March 2014.