Flagstaff, AZ - Latest New home Sales Remain Steady
Posted on: Mar 06, 2012 09:26:22 AM
Sales of new homes in the Flagstaff, AZ market remained unchanged year-over-year in December, staying level after a year-over-year decline in November from the year earlier. Sales remained level at four from a year earlier after the figure moved from seven in November 2010 to none in November 2011.
A total of 21 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
New home sales were four out of the 124 total sales, a move on a percentage basis from four of 113 a year earlier. After dropping in November from a year earlier, sales of new and existing homes rose year-over-year in December.
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Other Market Trends
The share of new home sales made up by attached units has risen while the share belonging to single-family homes has fallen. Attached sales made up one of four new home sales after accounting for no part of sales a year earlier. Meanwhile, single-family homes made up three of four new home sales after making up all of sales a year earlier.
Foreclosures and real estate owned (REO) sales continued to increase in December from a year earlier and remained a drag on the market. Foreclosures and REO sales, taken together, made up 55.0% of existing home sales, up from 43.1% a year earlier. The percentage of existing home sales involving foreclosures rose to 22.5% in December from 19.3% a year earlier while REO sales as a percentage of existing home sales increased to 32.5% from 23.9%.
Flagstaff, AZ - Latest New home Sales Remain Steady
Posted on: Mar 06, 2012 09:26:22 AM
Sales of new homes in the Flagstaff, AZ market remained unchanged year-over-year in December, staying level after a year-over-year decline in November from the year earlier. Sales remained level at four from a year earlier after the figure moved from seven in November 2010 to none in November 2011.
A total of 21 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
New home sales were four out of the 124 total sales, a move on a percentage basis from four of 113 a year earlier. After dropping in November from a year earlier, sales of new and existing homes rose year-over-year in December.
Other Market Trends
The share of new home sales made up by attached units has risen while the share belonging to single-family homes has fallen. Attached sales made up one of four new home sales after accounting for no part of sales a year earlier. Meanwhile, single-family homes made up three of four new home sales after making up all of sales a year earlier.
Foreclosures and real estate owned (REO) sales continued to increase in December from a year earlier and remained a drag on the market. Foreclosures and REO sales, taken together, made up 55.0% of existing home sales, up from 43.1% a year earlier. The percentage of existing home sales involving foreclosures rose to 22.5% in December from 19.3% a year earlier while REO sales as a percentage of existing home sales increased to 32.5% from 23.9%.
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Source: Housing Intelligence