New Home Sales and Prices Fall in Roanoke According to Freshest Data
Posted on: Dec 06, 2013 07:39:41 AM
In the Roanoke, VA market in August, closings of new homes sank year-over-year, sliding after a growth in July 2013. New home closings moved from 12 a year earlier to 11 after the figure moved from 8 in July 2012 to 10 in July 2013.
A total of 101 new homes were sold during the 12 months that ended in August, down from 102 for the year that ended in July.
Last year, 12 of 251 total closings were new homes, and this percentage saw a decline as new home closings this year made up 11 of the 415 total closings. Closings of new and existing homes climbed year-over-year in August after also rising in July year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $192,018, compared with $205,445 last year. This followed a 2.0% decline in July from a year earlier.
The average mortgage size went down to $136,003 from $188,314 a year earlier. Average mortgage size on new homes went from $233,938 in July 2012 to $171,281 in July 2013.