Recent Numbers Show Prices of New Homes Rise in Greenville, Sales Drop
Posted on: Dec 06, 2013 07:19:43 AM
In the Greenville, NC market in September, closings of new homes sank year-over-year, falling after a rise in August 2013. New home closings moved from 25 a year earlier to 10 after the figure moved from 25 in August 2012 to 29 in August 2013.
A total of 264 new homes were sold during the 12 months that ended in September, down from 279 for the year that ended in August.
On a percentage basis, new home closings as a part of total closings decreased to 5.6% from 13.7% a year earlier. For new and existing homes, closings dropped in September after also declining in August year-over-year.
Pricing and Mortgage Trends
The average new home value went from $174,200 last year to $201,350. This followed a 1.0% decline in August from a year earlier.
Average mortgage size on new homes went from $163,759 a year earlier to $192,685. In August 2013, average mortgage size jumped 3.6% from a year earlier.