New Home Sales Climb in Lafayette According to Newest Data
Posted on: Mar 06, 2014 07:22:15 AM
There was a rise in new home closings in the Lafayette, LA market in December year-over-year, and with a stronger lift in comparison with November 2013, the market seems to be strengthening. Closings gained 38.1% from a year earlier to 87. In comparison, new home closings in the same month last year saw a 12.9% boost year-over-year in November.
A total of 997 new homes were sold during the 12 months that ended in December, up from 973 for the year that ended in November.
Of 275 total closings, 87 were of new homes. This is a gain from 25.5% of closings a year earlier. Following a drop in November year-over-year, closings of new and existing homes rose year-over-year in December.
Pricing and Mortgage Trends
From December 2012 to December 2013, the average price of newly sold homes went from $224,200 to $224,794. This followed a 3.1% rise in November year-over-year.
For newly sold homes, average mortgage size moved from $196,705 in December 2012 to $197,333 in December 2013. In November 2013, average mortgage size climbed 6.5% from a year earlier.