Newest Figures Show New Home Sales and Prices Rise in Asheville
Posted on: Apr 06, 2014 07:02:20 AM
New home closings gained year-over-year in December in the Asheville, NC market, moving north after a fall in November 2013. New home closings saw a 79.2% boost from a year earlier to 43. In comparison, new home closings in the same month last year saw a 13.5% fall year-over-year in November.
A total of 350 new homes were sold during the 12 months that ended in December, up from 331 for the year that ended in November.
Of 565 total closings, 43 were of new homes. This is a boost from 4.5% of closings a year earlier. Following a year-over-year increase in November, closings of new and existing homes also gained year-over-year in December.
Pricing and Mortgage Trends
In December, the average price of newly sold homes climbed 18.6% year-over-year to $236,328 per unit. This hike is higher than the 9.1% rise in November year-over-year.
The average mortgage size on newly sold homes saw a lift year-over-year along with new home prices. In December 2013, average mortgage size climbed 5.8% from a year earlier to $186,318. Average mortgage size dropped 8.6% in November 2013 from a year earlier.