Prices of New Homes Climb in Brunswick, Sales Fall According to Recent Data
Posted on: Apr 06, 2014 07:06:04 AM
New home closings in the Brunswick, GA market sank year-over-year in January, a decline following a rise in December 2013. New home closings moved from 3 a year earlier to 2 after the figure moved from 1 in December 2012 to 2 in December 2013.
New home closings were 2 out of 108 total closings, making up 1.9%. This is up on a percentage basis from 3 of 368 a year earlier. Following a year-over-year rise in December, closings of new and existing homes sank year-over-year in January.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $221,000 from $154,933 a year ago. This came after a more than threefold boost in December year-over-year.
The average mortgage size on new homes was $195,531, up from $141,387. Average mortgage size on new homes went from $133,998 in December 2012 to $718,750 in December 2013.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in January 2014.