Goldsboro, NC - Newest New Home Sales Numbers Climb Year-Over-Year in January After Drop Year-Over-Year in December
Posted on: May 07, 2012 09:12:56 AM
There was an increase in new home sales in the Goldsboro, NC market in January year-over-year, rebounding from a year-over-year decline in December 2011. New home sales moved from five a year earlier to nine after the figure moved from 14 in December 2010 to five in December 2011.
A total of 129 new homes were sold during the 12 months that ended in January, up from 125 for the year that ended in December.
New home sales were nine of the 32 total sales, up on a percentage basis from five of 29 a year earlier. After dropping in December from a year earlier, sales of new and existing homes gained year-over-year in January.
Advertisement
Pricing and Mortgage Trends
The average value of newly sold homes in January 2012 was $181,286, down from last year's $205,600. This came after a 7.9% decline in December from a year earlier.
There was a decline in average mortgage size on new homes, going from $176,961 last year to $165,540 in January 2012. Average mortgage size on new homes went from $158,655 in December 2010 to $123,282 in December 2011.
Goldsboro, NC - Newest New Home Sales Numbers Climb Year-Over-Year in January After Drop Year-Over-Year in December
Posted on: May 07, 2012 09:12:56 AM
There was an increase in new home sales in the Goldsboro, NC market in January year-over-year, rebounding from a year-over-year decline in December 2011. New home sales moved from five a year earlier to nine after the figure moved from 14 in December 2010 to five in December 2011.
A total of 129 new homes were sold during the 12 months that ended in January, up from 125 for the year that ended in December.
New home sales were nine of the 32 total sales, up on a percentage basis from five of 29 a year earlier. After dropping in December from a year earlier, sales of new and existing homes gained year-over-year in January.
Pricing and Mortgage Trends
The average value of newly sold homes in January 2012 was $181,286, down from last year's $205,600. This came after a 7.9% decline in December from a year earlier.
There was a decline in average mortgage size on new homes, going from $176,961 last year to $165,540 in January 2012. Average mortgage size on new homes went from $158,655 in December 2010 to $123,282 in December 2011.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in January 2012. Single-family homes continued to account for all of new home sales.
Foreclosures and real estate owned (REO) sales remained a drag on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 56.5% of sales. They made up 50.0% in January 2011. The percentage of existing home sales involving foreclosures rose to 47.8% in January from 20.8% a year earlier while REO sales as a percentage of existing home sales fell to 8.7% from 29.2% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence