New Home Prices Rise in Asheville According to Freshest Data, Sales Steady
Posted on: Jul 06, 2014 07:01:51 AM
Closings of new homes in the Asheville, NC market remained steady year-over-year in March, remaining relatively unchanged after rising in February from the year earlier. Closings remained steady from a year earlier at 24. In the same month last year, closings rose 41.2%.
A total of 352 new homes were sold during the 12 months that ended in March, equal to the number of new homes sold for the year that ended in February.
As a percentage of overall housing closings, new home closings made up 4.4% of overall housing closings. A year ago, 4.1% of total closings were new home closings. Closings of new and existing homes sank year-over-year in March after also falling in February year-over-year.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes climbed year-over-year to $273,529 in March, up 19.7% from last year. This gain compares to a 7.8% decline in February from a year earlier.
For newly sold homes, the average mortgage size saw a surge year-over-year along with new home prices. In March 2014, the average mortgage size on newly sold homes saw a 26.3% gain from a year earlier. In February 2014, average mortgage size on newly sold homes saw a 8.4% bump year-over-year from a year earlier.