New Home Sales and Prices Both Gain in Deltona According to Freshest Data
Posted on: Apr 06, 2014 07:10:59 AM
There was an increase in closings of new homes in the Deltona, FL market in January year-over-year, but with a rise less sharp than December 2013, there were suggestions the market may be evening out. New home closings saw a 12.5% jump from a year earlier to 63. In comparison, new home closings in the same month last year saw a 47.9% boost year-over-year in December.
A total of 802 new homes were sold during the 12 months that ended in January, up from 795 for the year that ended in December.
As a percentage of overall housing closings, new home closings accounted for 5.9% of overall housing closings. They represented 5.1% of closings a year earlier. Following a year-over-year increase in December, closings of new and existing homes slid year-over-year in January.
Pricing and Mortgage Trends
The average price of new homes was $219,667 per unit in January, up 16.9%from a year earlier. This gain is better than the 15.2% boost in December year-over-year.
Average mortgage size on new homes rose year-over-year along with new home prices. The average mortgage size saw a 17.6% hike year-over-year to $199,084 in January. In December 2013, average mortgage size increased 12.4% from a year earlier.