Freshest Figures Show New Home Prices Increase, Sales Drop in Goldsboro
Posted on: May 06, 2013 07:13:37 AM
In January, the Goldsboro, NC market saw a fall year-over-year in new home closings, falling after a rise in December 2012. New home closings moved from six a year earlier to one after the figure moved from five in December 2011 to six in December 2012.
A total of 61 new homes were sold during the 12 months that ended in January, down from 66 for the year that ended in December.
New home closings accounted for one of the 22 total closings, a smaller percentage compared with six of 34 closings a year earlier. Following a year-over-year rise in December, closings of new and existing homes fell year-over-year in January.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $238,000 from $180,583 a year ago. This was on the heels of a 52.8% bump in December year-over-year.
Average mortgage size on new homes increased to $229,955 from $172,728 last year. Average mortgage size on new homes went from $123,282 in December 2011 to $187,213 in December 2012. For newly sold homes, the percentage of sale price being financed moved from 95.7% of average price to 96.6% from a year earlier. It went from 97.7% in December 2011 to 97.1% in December 2012.