New Home Prices Gain in College Station According to Newest Figures, Sales Decrease
Posted on: Dec 06, 2013 07:10:25 AM
In the College Station, TX market in September, new home closings fell year-over-year, shifting downward off a bump in August 2013. Closings slid 35.0% from a year earlier to 26. This followed a 43.6% climb year-over-year in August.
A total of 437 new homes were sold during the 12 months that ended in September, down from 451 for the year that ended in August.
As a percentage of overall housing closings, new home closings represented 9.5%. This is down from the a year earlier when new home closings made up 15.6% of total closings. Closings of new and existing homes increased year-over-year in September after also rising in August year-over-year.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes rose year-over-year to $229,571 in September, up 1.7% from last year. This lift is smaller than the 3.6% hike in August year-over-year.
Average mortgage size on new homes sank year-over-year in contrast to new home prices. It slid to $188,282 in September, a 2.0% decline. In August 2013, average mortgage size on newly sold homes saw a 3.7% bump year-over-year from a year earlier.