New Home Closings and Prices in Deltona Rise According to Newest Figures
Posted on: Mar 06, 2014 07:10:58 AM
In December, closings of new homes grew year-over-year in the Deltona, FL market, but signs of market leveling were showing as the percentage boost was less than November 2013. Closings gained 46.5% from a year earlier to 104. This came on the heels of a 49.1% boost year-over-year in November.
A total of 793 new homes were sold during the 12 months that ended in December, up from 760 for the year that ended in November.
As a percentage of overall housing closings, new home closings made up 7.7% of overall housing closings. They accounted for 6.9% of closings a year earlier. Closings of new and existing homes rose year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
In December, the average value of new homes saw a 15.4% boost year-over-year as it grew to $233,367 per unit. This lift compares to a 2.8% drop in November from a year earlier.
For newly sold homes, the average mortgage size climbed year-over-year along with new home prices. It increased 12.3% in December from a year earlier to $189,916. In November 2013, average mortgage size slid 4.6% from a year earlier.