New Home Closings Rise in Athens According to Recent Data
Posted on: Mar 06, 2014 07:02:11 AM
There was an increase in closings of new homes in the Athens, GA market in December year-over-year, but the increase was less than November 2013. New home closings moved from 11 a year earlier to 16 after the figure moved from 11 in November 2012 to 20 in November 2013.
A total of 191 new homes were sold during the 12 months that ended in December, up from 186 for the year that ended in November.
New home closings were 16 of the 218 total closings, up on a percentage basis from 11 of 247 a year earlier. For new and existing homes, closings declined in December after also declining in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $295,788, a move from $298,555 a year earlier. This came after a 20.6% lift in November year-over-year.
Average mortgage size on new homes rose from $250,637 to $266,210. Average mortgage size on new homes went from $239,285 in November 2012 to $275,442 in November 2013.