Recent Figures Show New Home Prices Gain, Sales Drop in Brunswick
Posted on: Nov 12, 2013 07:06:28 AM
The Brunswick, GA market saw a drop in new home closings year-over-year in August, dropping after a year-over-year increase in July 2013. New home closings moved from 4 a year earlier to 2 after the figure moved from 1 in July 2012 to 6 in July 2013.
New home closings were 2 out of the 156 total closings, a move on a percentage basis from 4 of 191 a year earlier. Following a year-over-year rise in July, closings of new and existing homes slid year-over-year in August.
Pricing and Mortgage Trends
The average new home value went from $232,250 last year to $309,200. This came after a more than twofold hike in July year-over-year.
The average mortgage size on new homes was $238,625, up from $191,592.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in August 2013.