Newest Numbers Show Prices of New Homes Gain in Bridgeport, Sales Fall
Posted on: Aug 08, 2014 11:11:24 AM
In the Bridgeport, CT market, closings of new homes declined year-over-year in May, and the decline was by a larger percentage than the April 2014. New home closings moved from 13 a year earlier to 3 after the figure moved from 14 in April 2013 to 9 in April 2014.
A total of 140 new homes were sold during the 12 months that ended in May, down from 150 for the year that ended in April.
New home closings were 3 out of the 932 total closings, a move on a percentage basis from 13 of 1,012 a year earlier. For new and existing homes, closings slid in May after also declining in April year-over-year.
Pricing and Mortgage Trends
The average new home value went from $767,951 last year to $1,114,397.00. This came after a 34.1% fall in April from a year earlier.
Average mortgage size on new homes went from $650,268 a year earlier to $1,053,500.00. Average mortgage size on new homes went from $591,456 in April 2013 to $347,942 in April 2014.