Prices of New Homes Increase in Asheville, Sales Decline According to Newest Data
Posted on: Aug 08, 2014 11:07:40 AM
Closings of new homes in the Asheville, NC market slid year-over-year in April, but the decline was less than the year-over-year decline in March. New home closings moved from 12 a year earlier to 10 after the figure moved from 10 in March 2013 to 4 in March 2014.
A total of 100 new homes were sold during the 12 months that ended in April, down from 102 for the year that ended in March.
10 of the 597 total closings were new home closings, a shift on a percentage basis from 12 out of 661 a year earlier. For new and existing homes, closings dropped in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $292,010 from last year's $229,667. This came after a 3.7% fall in March from a year earlier.
From the year-ago figure of $175,102, the average mortgage size on new homes moved up to $236,935. Average mortgage size on new homes went from $189,072 in March 2013 to $183,115 in March 2014.