New Home Sales and Prices Both Climb in Brunswick According to Latest Data
Posted on: Mar 06, 2014 07:06:00 AM
New home closings in the Brunswick, GA market grew year-over-year in December,. Closings stood at 2 in December after being 1 a year earlier and remaining unchanged at 1 in November from a year earlier.
2 of the 313 total closings were new home closings, a shift on a percentage basis from 1 out of 192 a year earlier. For new and existing homes, closings increased year-over-year in December after also increasing in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $898,250, up from $136,500 a year earlier. This came after a 84.5% boost in November year-over-year.
Average mortgage size on new homes increased to $718,750 from $133,998 last year. Average mortgage size on new homes went from $161,500 in November 2012 to $198,000 in November 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 December 2013.