Barnstable Town, MA - Recent New Home Sales Stay Steady
Posted on: Feb 06, 2012 09:12:53 AM
The Barnstable Town, MA market saw no change in new home sales year-over-year in September, staying level after a year-over-year increase in August from a year earlier. Sales remained level at three from a year earlier after the figure moved from three in August 2010 to four in August 2011.
A total of 23 new homes were sold during the 12 months that ended in September, equal to the number of new homes sold for the year that ended in August.
Three of the 111 total sales were new home sales, a shift on a percentage basis from three out of 152 a year earlier. Following a year-over-year decline in August, sales of new and existing homes also dropped year-over-year in September.
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The average value of newly sold homes in September 2011 was $344,933, down from last year's $919,967. This followed a 13.5% fall in August from a year earlier.
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 all of new home sales after accounting for no part of sales a year earlier. Meanwhile, single-family homes made up no part of new home sales after making up all of sales a year earlier.
Barnstable Town, MA - Recent New Home Sales Stay Steady
Posted on: Feb 06, 2012 09:12:53 AM
The Barnstable Town, MA market saw no change in new home sales year-over-year in September, staying level after a year-over-year increase in August from a year earlier. Sales remained level at three from a year earlier after the figure moved from three in August 2010 to four in August 2011.
A total of 23 new homes were sold during the 12 months that ended in September, equal to the number of new homes sold for the year that ended in August.
Three of the 111 total sales were new home sales, a shift on a percentage basis from three out of 152 a year earlier. Following a year-over-year decline in August, sales of new and existing homes also dropped year-over-year in September.
The average value of newly sold homes in September 2011 was $344,933, down from last year's $919,967. This followed a 13.5% fall in August from a year earlier.
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 all of new home sales after accounting for no part of sales a year earlier. Meanwhile, single-family homes made up no part of new home sales after making up all of sales a year earlier.
Foreclosures and real estate owned (REO) sales remained a drag on the market. Combined, foreclosures plus REO sales made up 62.0% of existing home sales. They represented 64.4% in September 2010. The percentage of existing home sales involving foreclosures rose to 36.1% in September from 30.2% a year earlier while REO sales as a percentage of existing home sales dipped to 25.9% from 34.2% a year earlier.
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Source: Housing Intelligence