Bangor, ME - Local Housing Data - Summary

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Bangor, ME

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Bangor, ME Local News

  • Bangor, ME - December 2013 - New Home Closings Figures Drop

    New home sales fell year-over-year in Bangor, ME in December. Average prices of new and existing homes moved up, rising 5.9%. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 4.0% percentage points. Mortgage amounts on new homes dropped 7.4%.

  • Bangor, ME - November 2013 - New Home Closings Stay Level

    New home sales remained level from a year ago in Bangor, ME in November. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 3.5% percentage points. Mortgage amounts on new homes moved up, rising 78.1%.

  • Bangor, ME - November 2013 - New Home Closings Stay Level

    New home sales remained level from a year ago in Bangor, ME in November. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 3.5% percentage points. Mortgage amounts on new homes moved up, rising 78.1%.

Latest Figures Show New Home Sales and Prices Decline in Bangor

Posted on: Apr 06, 2014 07:03:25 AM

In the Bangor, ME market, new home closings sank year-over-year in January, but the decline was less than the year-over-year decline in December. New home closings moved from 3 a year earlier to 2 after the figure moved from 3 in December 2012 to 1 in December 2013.

Last year, 3 of 80 total closings were new homes, and this percentage saw a decline as new home closings this year made up 2 of the 77 total closings. Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.

Pricing and Mortgage Trends

The average per-unit price of new homes was $189,762, compared with $225,625 last year. This came after a 7.4% decline in December from a year earlier.

Average mortgage size on newly sold homes saw a decline year-over-year from $180,500 to $169,036. Average mortgage size on new homes went from $198,426 in December 2012 to $183,673 in December 2013.

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 2014.

 
 
 

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