Recent Figures Show New Home Sales and Prices Increase in Gainesville
Posted on: Jul 06, 2014 07:13:14 AM
In the Gainesville, FL market in April, new home closings grew year-over-year, and the percentage gain was better than March 2014, suggesting the market may be strengthening. Closings rose 90.0% from a year earlier to 38. This came after a 40.9% hike year-over-year in March.
A total of 360 new homes were sold during the 12 months that ended in April, up from 342 for the year that ended in March.
New home closings represented 8.2% of overall housing closings. This marks a rise from 5.4% of total closings a year earlier. For new and existing homes, closings jumped year-over-year in April after also increasing in March year-over-year.
Pricing and Mortgage Trends
In April, there was a 4.3% rise year-over-year in the average price of newly sold homes, reaching $216,021 per unit. This lift is smaller than the 22.7% hike in March year-over-year.
Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. In April 2014, the average mortgage size on newly sold homes saw a 2.3% gain from a year earlier. In March 2014, average mortgage size on newly sold homes saw a 2.8% decline from a year earlier.