Freshest Numbers Show Prices of New Homes Increase in Fort Walton Beach, Sales Drop
Posted on: May 06, 2013 07:12:47 AM
Closings of new homes slid year-over-year in February in the Fort Walton Beach, FL market, a shift downward off a rise in January 2013. New home closings saw a fall of 46.8% from the year earlier to 25 after closings rose 45.0% in January from the year earlier.
A total of 392 new homes were sold during the 12 months that ended in February, down from 414 for the year that ended in January.
A year earlier, new home closings accounted for 14.5% of overall housing closings and the percentage declined to 6.5% of closings in February 2013. For new and existing homes, closings gained year-over-year in February after also increasing in January year-over-year.
Pricing and Mortgage Trends
For newly sold homes, the average price rose 5.7% year-over-year in February to $249,233 per unit. The rise is an upward shift from a 15.4% fall in January from a year earlier.
For newly sold homes, the average mortgage size increased year-over-year along with new home prices. Average mortgage size rose 9.2% to $257,303 in February from a year earlier. Average mortgage size slipped 5.7% in January 2013 from a year earlier.