New Home Closings and Prices in Lawrence Gain According to Recent Figures
Posted on: Apr 06, 2014 07:23:17 AM
In the Lawrence, KS market in December, new home closings grew year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 5 a year earlier to 8 after the figure moved from 5 in November 2012 to 2 in November 2013.
A total of 94 new homes were sold during the 12 months that ended in December, up from 91 for the year that ended in November.
8 of the 128 total closings were new home closings, a shift on a percentage basis from 5 out of 85 a year earlier. Closings of new and existing homes climbed year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $269,029 from last year's $225,875. This followed a 4.6% gain in November year-over-year.
The average mortgage size on new homes was $215,223, up from $180,700. Average mortgage size went from $238,110 in November 2012 to $239,600 in November 2013.