Recent Numbers Show New Home Prices Gain in Parkersburg, Sales Steady
Posted on: Dec 06, 2013 07:35:52 AM
Closings of new homes in the Parkersburg, WV market remained steady year-over-year in September, staying level after a year-over-year increase in August from a year earlier. New home closings moved from 1 a year earlier to 1 after the figure moved from none in August 2012 to 2 in August 2013. Closings remained level at 1 from a year earlier after the figure moved from none in August 2012 to 2 in August 2013.
New home closings were 1 out of the 127 total closings, same on a percentage basis as a year earlier. After rising year-over-year in August, closings of new and existing homes slid year-over-year in September.
Pricing and Mortgage Trends
The average price of new homes was $80,000, an increase from $29,000 a year earlier. This followed a set of periods with no new home closings in both August 2013 or August 2012.
The average mortgage size on new homes was $76,548, up from $26,100.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in September 2013.