New Home Closings Decrease in San Angelo According to Recent Figures
Posted on: May 06, 2013 07:32:32 AM
In the San Angelo, TX market, new home closings slid year-over-year in February, sliding after a growth in January 2013. New home closings moved from eight a year earlier to four after the figure moved from four in January 2012 to eight in January 2013.
A total of 102 new homes were sold during the 12 months that ended in February, down from 106 for the year that ended in January.
New home closings were four of the 153 total closings, down on a percentage basis from eight of 155 a year earlier. Following a year-over-year decline in January, closings of new and existing homes also dipped year-over-year in February.
Pricing and Mortgage Trends
The average price for new homes was $190,749, moving from $191,825 last year. This came after a 14.0% gain in January year-over-year.
Average mortgage size on new homes fell from $171,409 to $160,135. Average mortgage size on new homes went from $182,989 in January 2012 to $185,728 in January 2013. Of the overall sale price, the percentage that was being financed declined 5.4 percentage points year-over-year to 84.0% in February 2013.