Latest Numbers Show New Home Closings Climb in Deltona, Prices Fall
Posted on: Dec 06, 2013 07:12:32 AM
In September, there was an increase in closings of new homes in the Deltona, FL market year-over-year, but the percentage surge was less pronounced than August 2013, indicating the market may be evening out. New home closings saw a rise of 68.9% from the year earlier to 76. In comparison, new home closings in the same month last year saw a 73.1% hike year-over-year in August.
A total of 799 new homes were sold during the 12 months that ended in September, up from 768 for the year that ended in August.
Of 1,110 total closings, 76 were of new homes. This is better than the 4.6% of closings a year earlier. Closings of new and existing homes rose year-over-year in September after also rising in August year-over-year.
Pricing and Mortgage Trends
In September, there was a 3.2% fall year-over-year in the average per-unit price of newly sold homes, settling at $199,600. This decline compares to a 25.8% surge in August year-over-year.
The average mortgage size on newly sold homes moved south year-over-year in contrast to new home prices. Average mortgage size slid by 4.7% from a year earlier, settling at $177,045 in September. In August 2013, average mortgage size on newly sold homes saw a 9.5% rise year-over-year from a year earlier.