Freshest Numbers For Roanoke Show New Home Closings and Prices Rise
Posted on: May 06, 2013 07:31:08 AM
There was an increase in closings of new homes in the Roanoke, VA market in January year-over-year, rebounding from a year-over-year decline in December 2012. New home closings moved from five a year earlier to six after the figure moved from 23 in December 2011 to four in December 2012.
A total of 86 new homes were sold during the 12 months that ended in January, up from 85 for the year that ended in December.
New home closings were six of the 291 total closings, down on a percentage basis from five of 153 a year earlier. Following a year-over-year increase in December, closings of new and existing homes also jumped year-over-year in January.
Pricing and Mortgage Trends
The average new home price was $206,734, up from $142,625 a year earlier. This followed a 4.0% rise in December year-over-year.
Average mortgage size on new homes went from $145,505 a year earlier to $181,474. Average mortgage size on new homes went from $165,237 in December 2011 to $174,948 in December 2012.