New Home Prices Rise in Bridgeport According to Recent Figures, Sales Fall
Posted on: Apr 06, 2014 07:05:43 AM
In the Bridgeport, CT market in January, closings of new homes declined year-over-year, sliding after a growth in December 2013. New home closings moved from 12 a year earlier to 10 after the figure moved from 17 in December 2012 to 19 in December 2013.
A total of 234 new homes were sold during the 12 months that ended in January, down from 236 for the year that ended in December.
New home closings were 10 out of the 628 total closings, a move on a percentage basis from 12 of 631 a year earlier. Closings of new and existing homes stayed level after increasing in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $1,010,942.00, an increase from $331,374 a year earlier. This followed a 33.1% fall in December from a year earlier.
Average mortgage size on new homes went from $228,340 a year earlier to $691,314. In December 2013, average mortgage size sank 46.6% from a year earlier.