Newest Figures Indicate Prices of New Homes Gain, Sales Stay Level in Charleston
Posted on: Oct 06, 2013 07:07:16 AM
New home closings in the Charleston, WV market were unchanged year-over-year in May, staying flat after dropping year-over-year in April from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 1 in April 2012 to none in April 2013.
New home closings were 1 out of the 53 total closings, a move on a percentage basis from 1 of 92 a year earlier. For new and existing homes, closings sank in May after also declining in April year-over-year.
Pricing and Mortgage Trends
The average new home value went from $209,900 last year to $376,500. This was on the heels of a.
The average mortgage size on new homes was $301,200, up from $199,405.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in May 2013.