Recent Figures Show New Home Sales Rise in Wichita Falls, Prices Decrease
Posted on: Apr 06, 2014 07:45:47 AM
In January, closings of new homes jumped year-over-year in the Wichita Falls, TX market,. Closings stood at 6 in January after being 3 a year earlier and remaining unchanged at 4 in December from a year earlier.
A total of 46 new homes were sold during the 12 months that ended in January, up from 43 for the year that ended in December.
New home closings were 6 out of the 214 total closings, a move on a percentage basis from 3 of 126 a year earlier. For new and existing homes, closings grew year-over-year in January after also increasing in December year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in January 2014 was $270,156, down from last year's $279,412. This was on the heels of a 4.1% drop in December from a year earlier.
Average mortgage size on new homes increased to $228,665 from $223,529 last year. Average mortgage size on new homes went from $187,415 in December 2012 to $182,094 in December 2013.