New Home Sales and Prices Both Gain in San Angelo According to Latest Data
Posted on: Jul 06, 2014 07:32:26 AM
There was an increase in new home closings in the San Angelo, TX market in April year-over-year, and the increase was greater than March 2014. New home closings moved from 14 a year earlier to 16 after the figure moved from 9 in March 2013 to 10 in March 2014.
A total of 148 new homes were sold during the 12 months that ended in April, up from 146 for the year that ended in March.
New home closings were 16 out of 183 total closings, making up 8.7%. This is up on a percentage basis from 14 of 242 a year earlier. Closings of new and existing homes slid year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $216,199, an increase from $213,909 a year earlier. This followed a 13.5% hike in March year-over-year.
From the year-ago figure of $189,954, the average mortgage size on new homes moved up to $199,058. Average mortgage size on new homes went from $158,137 in March 2013 to $164,960 in March 2014.