Latest Figures Show New Home Sales and Prices Drop in Florence
Posted on: Jul 06, 2014 07:12:26 AM
In the Florence, SC market in April, new home closings slid year-over-year, falling after a rise in March 2014. New home closings moved from 17 a year earlier to 12 after the figure moved from 5 in March 2013 to 6 in March 2014.
A total of 118 new homes were sold during the 12 months that ended in April, down from 123 for the year that ended in March.
New home closings were 12 out of the 163 total closings, a move on a percentage basis from 17 of 217 a year earlier. Closings of new and existing homes declined year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $212,977, compared with $248,873 last year. This was on the heels of a 6.9% hike in March year-over-year.
There was a decline in average mortgage size on new homes, going from $211,193 last year to $191,950 in April 2014. Average mortgage size on new homes went from $198,744 in March 2013 to $220,654 in March 2014.