Glens Falls, NY - Newest New Home Sales Numbers Climb Year-Over-Year in January After Drop Year-Over-Year in December
Posted on: May 07, 2012 09:12:47 AM
In January, sales of new homes rose year-over-year in the Glens Falls, NY market, rebounding from a year-over-year decline in December 2011. New home sales moved from one a year earlier to two after the figure moved from two in December 2010 to one in December 2011.
A total of 18 new homes were sold during the 12 months that ended in January, up from 17 for the year that ended in December.
Two of the 96 total sales were new home sales, a shift on a percentage basis from one out of 80 a year earlier. Following a fall in December year-over-year, sales of new and existing homes increased year-over-year in January.
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The average new home value went from $65,000 last year to $167,882,. This came after a more than threefold surge in December year-over-year.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in January 2012. Single-family homes continued to account for all of new home sales.
Glens Falls, NY - Newest New Home Sales Numbers Climb Year-Over-Year in January After Drop Year-Over-Year in December
Posted on: May 07, 2012 09:12:47 AM
In January, sales of new homes rose year-over-year in the Glens Falls, NY market, rebounding from a year-over-year decline in December 2011. New home sales moved from one a year earlier to two after the figure moved from two in December 2010 to one in December 2011.
A total of 18 new homes were sold during the 12 months that ended in January, up from 17 for the year that ended in December.
Two of the 96 total sales were new home sales, a shift on a percentage basis from one out of 80 a year earlier. Following a fall in December year-over-year, sales of new and existing homes increased year-over-year in January.
The average new home value went from $65,000 last year to $167,882,. This came after a more than threefold surge in December year-over-year.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in January 2012. Single-family homes continued to account for all of new home sales.
Foreclosures and real estate owned (REO) sales did not appear to be dragging the market. Together, foreclosures plus REO sales made up 12.8% of existing home sales. They represented 10.1% in January 2011. The percentage of existing home sales involving foreclosures slipped to 2.1% in January from 3.8% a year earlier while REO sales as a percentage of existing home sales rose to 10.6% from 6.3%.
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Source: Housing Intelligence