New Home Closings in Bremerton Climb, Prices Fall According to Recent Figures
Posted on: May 06, 2013 07:04:47 AM
There was an increase in new home closings in the Bremerton, WA market in February year-over-year, and the increase was greater than January 2013. New home closings moved from nine a year earlier to 21 after the figure moved from 11 in January 2012 to 24 in January 2013.
A total of 307 new homes were sold during the 12 months that ended in February, up from 295 for the year that ended in January.
New home closings were 21 out of 268 total closings, making up 7.8%. This is up on a percentage basis from nine of 197 a year earlier. For new and existing homes, closings grew year-over-year in February after also increasing in January year-over-year.
Pricing and Mortgage Trends
The average new home price was $251,195, down from $287,900 a year earlier. This followed a 6.1% decline in January from a year earlier.
Average mortgage size on new homes moved from $227,246 to $229,169. It went from $249,587 to $250,420 from January 2012 to January 2013. Of the overall sale price, the percentage that was being financed increased 12.3 percentage points year-over-year to 91.2% in February 2013.