Bradenton, FL - Local Housing Data - Summary

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Bradenton, Sarasota, Venice, FL

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Bradenton, FL Local News

  • 1Q14 North Port Housing Market Analysis

    The first-quarter Metrostudy data for the North Port-Sarasota-Bradenton housing market shows slight cooling in the beginning of 2014, but overall stable conditions and growth in new-home demand.

  • Will Florida's Home Price Appreciation Continue in 2014?

    Florida, much like the nation as a whole, saw tremendous home price appreciation in 2013. Metrostudy's Tony Polito examines the rising home prices in his market and notes the days of the double digit price and volume growth are behind us looking ahead in 2014.

  • 1Q14 Sarasota Housing Market Analysis

    Metostudy's first-quarter market survey shows Sarasota, Florida's housing market is growing and lower price points squeezed as homes more than $250k are up 85%.

New Home Closings and Prices in Bradenton Gain According to Newest Figures

Posted on: Jul 06, 2014 07:26:09 AM

New home closings gained year-over-year in April in the Bradenton, FL market, and the percentage lift was greater than March 2014, giving hints of improving market conditions. New home closings saw a climb of 16.8% from the year earlier to 229. This came after a 10.2% climb year-over-year in March.

A total of 3,261 new homes were sold during the 12 months that ended in April, up from 3,228 for the year that ended in March.

As a percentage of overall housing closings, new home closings represented 8.2%. This marks a rise from 6.8% of total closings a year earlier. Closings of new and existing homes declined year-over-year in April after also falling in March year-over-year.

Pricing and Mortgage Trends

The average price of new homes grew year-over-year in April to $294,336 per unit, a rise of 8.0%. This gain is smaller than the 20.4% boost in March year-over-year.

There was a surge year-over-year in the average mortgage size on new homes along with new home prices. Average mortgage size grew 16.4% to $234,743 in April from a year earlier. In March 2014, average mortgage size increased 18.6% from a year earlier.


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