New Home Sales Decline in Fort Walton Beach According to Freshest Data
Posted on: Mar 06, 2014 07:14:59 AM
In the Fort Walton Beach, FL market, new home closings slid year-over-year in December, but the percentage fall was not as steep as November 2013, suggesting market improvement. Closings slid 8.7% from a year earlier to 21. In comparison, new home closings in the same month last year saw a 51.5% fall year-over-year in November.
A total of 308 new homes were sold during the 12 months that ended in December, down from 310 for the year that ended in November.
New home closings made up 5.2% of overall housing closings. As a part of the whole, new home closings were 5.5% a year earlier. Following a year-over-year increase in November, closings of new and existing homes fell year-over-year in December.
Pricing and Mortgage Trends
For newly sold homes, the average price moved from $253,354 in December 2012 to $254,572 in December 2013. This came after a 13.8% hike in November year-over-year.
For newly sold homes, the average mortgage size dropped year-over-year in contrast to average price of new homes. In December 2013, there was a 2.9% decline in the average mortgage size on new homes to $244,385. In November 2013, average mortgage size jumped 5.3% from a year earlier.