Newest Figures Show New Home Prices Rise, Sales Drop in Anderson
Posted on: Apr 06, 2014 07:01:59 AM
Closings of new homes in the Anderson, SC market fell year-over-year in January, dropping after a year-over-year increase in December 2013. New home closings moved from 16 a year earlier to 8 after the figure moved from 11 in December 2012 to 16 in December 2013.
A total of 213 new homes were sold during the 12 months that ended in January, down from 221 for the year that ended in December.
New home closings were 8 out of the 114 total closings, down on a percentage basis from 16 of 115 a year earlier. After declining in December from a year earlier, closings of new and existing homes remained level in January.
Pricing and Mortgage Trends
The average price of new homes was $209,135, an increase from $197,867 a year earlier. This came after a 8.2% bump in December year-over-year.
The average mortgage size went down to $172,068 from $201,208 a year earlier. Average mortgage size on new homes went from $204,258 in December 2012 to $226,470 in December 2013.