Prices of New Homes Climb in Bremerton, Sales Decline According to Freshest Data
Posted on: Jul 06, 2014 07:04:38 AM
In the Bremerton, WA market, new home closings dropped year-over-year in April, shifting down after remaining relatively stable in March from the year earlier. New home closings saw a drop of 4.3% from a year earlier to 22. Closings were steady in March from the year earlier.
A total of 353 new homes were sold during the 12 months that ended in April, down from 354 for the year that ended in March.
New home closings represented 5.8% of overall housing closings. New home closings were 5.4% of overall closings last year. Following a year-over-year decline in March, closings of new and existing homes also slid year-over-year in April.
Pricing and Mortgage Trends
In April, the average price of newly sold homes climbed year-over-year to $320,672 per unit, a 16.7% boost. This surge is smaller than the 22.8% gain in March year-over-year.
Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. In April 2014, there was a 11.2% rise in the average mortgage size, reaching $294,710. Average mortgage size gained 28.5% in March 2014 from a year earlier.