Recent Figures Show New Home Prices Climb, Sales Decrease in San Angelo
Posted on: Mar 06, 2014 07:37:42 AM
New home closings in the San Angelo, TX market dropped year-over-year in December, a decline following a rise in November 2013. New home closings moved from 14 a year earlier to 12 after the figure moved from 11 in November 2012 to 18 in November 2013.
A total of 141 new homes were sold during the 12 months that ended in December, down from 143 for the year that ended in November.
12 of the 151 total closings were new home closings, a shift on a percentage basis from 14 out of 183 a year earlier. Closings of new and existing homes slid year-over-year in December after also falling in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $215,212, up from $178,980 a year earlier. This followed a 5.7% lift in November year-over-year.
Average mortgage size on new homes went from $170,999 a year earlier to $181,118. Average mortgage size on new homes went from $178,631 in November 2012 to $186,677 in November 2013.