Freshest Numbers Show Prices of New Homes Rise in Redding, Sales Fall
Posted on: Aug 08, 2014 11:44:41 AM
In May, there was a fall year-over-year in new home closings in the Redding, CA market, but the decline was less than the year-over-year decline in April. New home closings moved from 5 a year earlier to 1 after the figure moved from 4 in April 2013 to none in April 2014.
New home closings were 1 out of the 218 total closings, down on a percentage basis from 5 of 318 a year earlier. Following a year-over-year decline in April, closings of new and existing homes also declined year-over-year in May.
The average price for newly sold homes moved north to $447,500 from $242,500 a year ago. This came after a.
Other Market Trends
As a share of new home closings, single-family home closings have risen from last year while the share belonging to attached units has fallen.
The average unit size of newly sold homes fell from 2,992 square feet a year earlier to 2,257 square feet.