New Home Closings and Prices in Fort Smith AR Climb According to Freshest Figures
Posted on: Mar 06, 2014 07:14:50 AM
In the Fort Smith, AR market, closings of new homes climbed year-over-year in December, rebounding from a year-over-year decline in November 2013. New home closings moved from 11 a year earlier to 13 after the figure moved from 17 in November 2012 to 12 in November 2013.
A total of 143 new homes were sold during the 12 months that ended in December, up from 141 for the year that ended in November.
New home closings were 13 out of the 300 total closings, a move on a percentage basis from 11 of 297 a year earlier. For new and existing homes, closings climbed year-over-year in December after also increasing in November year-over-year.
Pricing and Mortgage Trends
The average new home value went from $155,727 last year to $212,598. This came after a 6.6% drop in November from a year earlier.
The average mortgage size on new homes was $205,547, up from $139,071. Average mortgage size on new homes went from $147,842 in November 2012 to $142,466 in November 2013.