Bradenton, FL - Local Housing Data - Summary

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Bradenton, Sarasota, Venice, FL

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Bradenton, FL Local News

  • Top 10 Markets for New Residential Construction

    Housing starts numbers out today surprised many observers with its strength at the highest in eight months, but Metrostudy finds it to have been in line with actual counts released earlier this month. Metrostudy chief economist Brad Hunter breaks down the New Residential Construction release from...

  • 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.

  • Bradenton, FL - April 2014 - New Home Closings Numbers Suggest Market Rise Strengthening.

    New home sales rose in Bradenton, FL in April. The percentage of new home closings belonging to attached homes rose, climbing 4.2% percentage points. The percentage of new home closings belonging to single family homes dropped, falling 4.2% percentage points. Mortgage amounts on new homes moved up,...

Prices of New Homes Gain in Bradenton, Sales Drop According to Newest Data

Posted on: Aug 08, 2014 11:39:23 AM

Closings of new homes dropped year-over-year in May in the Bradenton, FL market, curving down after an increase in April 2014. New home closings saw a 42.4% fall from a year earlier to 132. In comparison, new home closings in the same month last year saw a 11.8% rise year-over-year in April.

A total of 3,113 new homes were sold during the 12 months that ended in May, down from 3,210 for the year that ended in April.

As a percentage of overall housing closings, new home closings accounted for 5.1%. This is down from the a year earlier when new home closings made up 7.7% of total closings. For new and existing homes, closings slid in May after also declining in April year-over-year.

Pricing and Mortgage Trends

In May, the average value of new homes saw a 20.9% bump year-over-year as it grew to $311,988 per unit. This rise is better than the 7.0% surge in April year-over-year.

For newly sold homes, the average mortgage size saw a lift year-over-year along with new home prices. The average mortgage size rose to $222,743 in May, marking a 13.6% lift compared with a year earlier. Average mortgage size gained 15.4% in April 2014 from a year earlier.


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