Harrisonburg New Home Sales Gain According to Latest Numbers
Posted on: Mar 06, 2014 07:17:52 AM
The Harrisonburg, VA market saw an increase in closings of new homes in November year-over-year, but the increase was less than October 2013. New home closings moved from 3 a year earlier to 5 after the figure moved from 1 in October 2012 to 6 in October 2013.
A total of 47 new homes were sold during the 12 months that ended in November, up from 45 for the year that ended in October.
New home closings were 5 out of 105 total closings, making up 4.8%. This is up on a percentage basis from 3 of 84 a year earlier. Closings of new and existing homes jumped year-over-year in November following a drop in October year-over-year.
Pricing and Mortgage Trends
The average price for new homes in November 2013 was $259,190, a shift from $257,700 last year. This followed a 37.0% decline in October from a year earlier.
The average mortgage size on new homes was $234,567, up from $230,945. Average mortgage size on new homes went from $282,000 in October 2012 to $109,000 in October 2013.