Athens, GA - Local Housing Data - Summary

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Athens, Clarke County, GA

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Athens, GA Local News

  • Athens, GA - March 2014 - New Home Closings Numbers Give Hints Market Gain Subsiding

    New home sales climbed in March. Average prices of new and existing homes moved up, rising 24.0%. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 9.5% percentage points. Mortgage amounts on new homes dropped 17.1%.

  • Athens, GA - February 2014 - New Home Closings Swing Upward

    New home sales rose year-over-year in Athens, GA in February. Average prices of new homes dropped 3.1%. Foreclosures as a percentage of existing home closings dropped, falling 3.6% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 2.1%...

  • Athens, GA - January 2014 - Figures for New Home Closings Remain Level

    New home sales remained level from a year ago in Athens, GA in January. Average prices of new and existing homes moved up, rising 4.7%. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 6.7% percentage points. Foreclosures as a percentage of existing home...

Prices of New Homes Climb in Athens, Sales Decline According to Recent Data

Posted on: Jul 06, 2014 07:01:59 AM

In April, the Athens, GA market saw a fall year-over-year in new home closings, a decline following a rise in March 2014. New home closings moved from 18 a year earlier to 16 after the figure moved from 8 in March 2013 to 10 in March 2014.

A total of 197 new homes were sold during the 12 months that ended in April, down from 199 for the year that ended in March.

As a percentage of overall housing closings, new home closings represented 6.2%. This is better than the 5.1% of closings a year earlier. For new and existing homes, closings fell in April after also declining in March year-over-year.

Pricing and Mortgage Trends

For newly sold homes, the average price gained 31.3% year-over-year in April to $314,581 per unit. This lift compares to a 2.5% decline in March from a year earlier.

Average mortgage size on new homes grew year-over-year along with new home prices. In April 2014, average mortgage size climbed 29.4% from a year earlier to $276,599. Average mortgage size on new homes went from $283,224 in March 2013 to $234,838 in March 2014.

 
 
 

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