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.