New Home Closings and Prices in Anderson Increase According to Newest Figures
Posted on: Jul 06, 2014 07:01:35 AM
The Anderson, SC market saw an increase in closings of new homes in April year-over-year, and the increase was greater than March 2014. New home closings moved from 11 a year earlier to 35 after the figure moved from 17 in March 2013 to 27 in March 2014.
A total of 245 new homes were sold during the 12 months that ended in April, up from 221 for the year that ended in March.
New home closings were 35 out of 242 total closings, making up 14.5%. This is up on a percentage basis from 11 of 190 a year earlier. Closings of new and existing homes jumped year-over-year in April after also rising in March year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $204,902, an increase from $184,160 a year earlier. This followed a 4.2% rise in March year-over-year.
From the year-ago figure of $168,867, the average mortgage size on new homes moved up to $177,504. In March 2014, average mortgage size on newly sold homes saw a 3.3% drop from a year earlier.