Newest Numbers For Winchester Show New Home Closings and Prices Increase
Posted on: Apr 06, 2014 07:46:16 AM
There was a rise in new home closings in the Winchester, VA market in January year-over-year, but the increase was less than December 2013. New home closings moved from 11 a year earlier to 15 after the figure moved from 26 in December 2012 to 38 in December 2013.
A total of 218 new homes were sold during the 12 months that ended in January, up from 214 for the year that ended in December.
New home closings were 15 out of 122 total closings, making up 12.3%. This is up on a percentage basis from 11 of 122 a year earlier. After rising in December from a year earlier, closings of new and existing homes stayed steady in January.
Pricing and Mortgage Trends
The average price of new homes rose to $303,786 from last year's $274,049. This followed a 12.6% hike in December year-over-year.
From the year-ago figure of $248,259, the average mortgage size on new homes moved up to $266,094. Average mortgage size climbed 3.4% in December 2013 from a year earlier.