Home Sales Level from Last Year, Prices Decrease in Brunswick - July 2014
Posted on: Jul 08, 2014 07:00:18 AM
New home closings in the Brunswick, GA market stayed the same year-over-year in April, staying flat after advancing year-over-year in March from the year earlier. New home closings moved from 3 a year earlier to 3 after the figure moved from none in March 2013 to 1 in March 2014. Closings remained level at 3 from a year earlier after the figure moved from none in March 2013 to 1 in March 2014.
3 of the 158 total closings were new home closings, a shift on a percentage basis from 3 out of 175 a year earlier. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average new home price was $250,067, down from $443,967 a year earlier. This followed a shift to an average price of $189,400 in March 2014 after there were no closings in March 2013.
Average mortgage size on new homes went from $160,793 a year earlier to $224,466.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.