New Home Closings and Prices in Wichita Falls Decline According to Recent Figures
Posted on: Dec 06, 2013 07:50:12 AM
In the Wichita Falls, TX market in September, new home closings declined year-over-year, dropping after a year-over-year increase in August 2013. New home closings moved from 3 a year earlier to 1 after the figure moved from 3 in August 2012 to 7 in August 2013.
A total of 47 new homes were sold during the 12 months that ended in September, down from 49 for the year that ended in August.
New home closings were 1 out of the 229 total closings, a move on a percentage basis from 3 of 240 a year earlier. After rising year-over-year in August, closings of new and existing homes slid year-over-year in September.
Pricing and Mortgage Trends
The average value of newly sold homes in September 2013 was $193,500, down from last year's $269,812. This followed a 24.0% rise in August year-over-year.
The average mortgage size moved to $154,800, down from last year's $229,401. Average mortgage size on new homes went from $228,333 in August 2012 to $259,579 in August 2013.