New Home Closings and Prices in Deltona Increase According to Newest Figures
Posted on: Jul 06, 2014 07:09:42 AM
There was a rise in new home closings in the Deltona, FL market in April year-over-year, but with an increase less steep than that of March 2014, the market seemed to be showing signs of stabilizing. New home closings saw a rise of 17.1% from the year earlier to 82. This came on the heels of a 50.0% boost year-over-year in March.
A total of 840 new homes were sold during the 12 months that ended in April, up from 828 for the year that ended in March.
Of the total number of closings, new home closings made up 5.6%. A year ago, new home closings made up 4.9%. Following a year-over-year increase in March, closings of new and existing homes also grew year-over-year in April.
Pricing and Mortgage Trends
Average price of newly sold homes had a 22.0% boost year-over-year to $251,063 per unit in April. This bump is higher than the 8.2% hike in March year-over-year.
The average mortgage size on newly sold homes gained year-over-year along with the average price of new homes. In April 2014, the average mortgage size was $217,640, a 19.2% boost from a year earlier. In March 2014, average mortgage size rose 2.7% from a year earlier.