New Home Closings and Prices in Harrisonburg Increase According to Newest Figures
Posted on: Apr 06, 2014 07:17:33 AM
In the Harrisonburg, VA market in December, new home closings climbed year-over-year, but the increase was less than November 2013. New home closings moved from 3 a year earlier to 4 after the figure moved from 3 in November 2012 to 5 in November 2013.
A total of 48 new homes were sold during the 12 months that ended in December, up from 47 for the year that ended in November.
New home closings were 4 out of the 102 total closings, a move on a percentage basis from 3 of 71 a year earlier. For new and existing homes, closings grew year-over-year in December after also increasing in November year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $218,000, an increase from $170,667 a year earlier. This was on the heels of a move from $257,700 per unit in November 2012 to $259,190 in November 2013.
From the year-ago figure of $169,920, the average mortgage size on new homes moved up to $219,612. Average mortgage size on new homes went from $230,945 in November 2012 to $234,567 in November 2013.