Recent Figures Show New Home Sales and Prices Gain in Bremerton
Posted on: Mar 06, 2014 07:05:33 AM
In the Bremerton, WA market, closings of new homes gained year-over-year in December, and the percentage surge was an improvement from November 2013, suggesting the market may be gaining momentum. There was a 65.2% jump in new home closings from a year earlier. In comparison, new home closings in the same month last year saw a 17.9% climb year-over-year in November.
A total of 328 new homes were sold during the 12 months that ended in December, up from 313 for the year that ended in November.
Of 338 total closings, 38 were of new homes. This is better than the 8.4% of closings a year earlier. Closings of new and existing homes rose year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
Average price of newly sold homes had a 20.2% boost year-over-year to $338,962 per unit in December. This lift is higher than the 3.2% rise in November year-over-year.
For newly sold homes, the average mortgage size increased year-over-year along with new home prices. In December 2013, the average mortgage size was $288,461, a 9.8% hike from a year earlier. Average mortgage size jumped 6.1% in November 2013 from a year earlier.