Latest Figures Show New Home Sales Gain in Victoria, Prices Decrease
Posted on: Mar 06, 2014 07:44:24 AM
In November, closings of new homes increased year-over-year in the Victoria, TX market, and the increase was greater than October 2013. New home closings moved from 8 a year earlier to 12 after the figure moved from 6 in October 2012 to 7 in October 2013.
A total of 102 new homes were sold during the 12 months that ended in November, up from 98 for the year that ended in October.
New home closings were 12 of the 167 total closings, up on a percentage basis from 8 of 142 a year earlier. Following a year-over-year increase in October, closings of new and existing homes also climbed year-over-year in November.
Pricing and Mortgage Trends
The average per-unit price of new homes was $250,455, compared with $269,480 last year. This followed a 4.1% rise in October year-over-year.
The average mortgage size went down to $212,007 from $219,682 a year earlier. Average mortgage size on new homes went from $212,877 in October 2012 to $227,422 in October 2013.