San Angelo, TX - Local Housing Data - Summary

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San Angelo, TX Local News

Latest Figures Show New Home Sales Increase in San Angelo, Prices Decrease

Posted on: Apr 06, 2014 07:37:41 AM

In January, there was an increase in closings of new homes in the San Angelo, TX market year-over-year, rebounding from a year-over-year decline in December 2013. New home closings moved from 8 a year earlier to 9 after the figure moved from 14 in December 2012 to 12 in December 2013.

A total of 142 new homes were sold during the 12 months that ended in January, up from 141 for the year that ended in December.

New home closings were 9 out of 125 total closings, making up 7.2%. This is up on a percentage basis from 8 of 160 a year earlier. Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.

Pricing and Mortgage Trends

The average new home price was $205,931, down from $210,744 a year earlier. This followed a 20.2% surge in December year-over-year.

Average mortgage size on new homes moved from $185,728 to $186,807. Average mortgage size on new homes went from $170,999 in December 2012 to $181,118 in December 2013.

 
 
 

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