New Home Closings and Prices in Bremerton Gain According to Freshest Figures
Posted on: Apr 06, 2014 07:05:34 AM
In the Bremerton, WA market in January, closings of new homes climbed year-over-year, but signs of market leveling were showing as the percentage boost was less than December 2013. Closings increased 29.2% from a year earlier to 31. This came on the heels of a 52.0% rise year-over-year in December.
A total of 335 new homes were sold during the 12 months that ended in January, up from 328 for the year that ended in December.
As a percentage of overall housing closings, new home closings made up 10.7%. This marks a rise from 9.1% of total closings a year earlier. Closings of new and existing homes jumped year-over-year in January after also rising in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes jumped year-over-year in January to $314,824 per unit, a rise of 19.9%. This boost is smaller than the 23.0% hike in December year-over-year.
For newly sold homes, the average mortgage size saw a lift year-over-year along with new home prices. In January 2014, the average mortgage size on newly sold homes saw a 4.2% boost from a year earlier. In December 2013, average mortgage size jumped 12.6% from a year earlier.