New Home Prices Rise in Greenville According to Recent Figures, Sales Decrease
Posted on: Apr 06, 2014 07:16:46 AM
In the Greenville, SC market in January, closings of new homes slid year-over-year, swinging downward off a year-over-year gain in December 2013. New home closings saw a fall of 16.2% from the year earlier to 67. This followed a 5.5% jump year-over-year in December.
A total of 1,393 new homes were sold during the 12 months that ended in January, down from 1,406 for the year that ended in December.
As a percentage of overall housing closings, new home closings represented 10.4% of overall housing closings. A year ago, 11.3% of total closings were new home closings. Following a year-over-year increase in December, closings of new and existing homes declined year-over-year in January.
Pricing and Mortgage Trends
Average price of newly sold homes saw a 2.0% bump year-over-year in January to $229,613 per unit. This hike is better than the 1.4% bump in December year-over-year.
For newly sold homes, the average mortgage size saw a drop year-over-year in contrast to new home prices. It fell to $208,495 in January, a 3.8% fall. In December 2013, average mortgage size on newly sold homes saw a 1.8% drop from a year earlier.