Freshest Numbers Show Prices of New Homes Gain in Hinesville, Sales Drop
Posted on: Apr 06, 2014 07:18:02 AM
Closings of new homes in the Hinesville, GA market slid year-over-year in January, sliding after a growth in December 2013. New home closings moved from 20 a year earlier to 12 after the figure moved from 15 in December 2012 to 36 in December 2013.
A total of 267 new homes were sold during the 12 months that ended in January, down from 275 for the year that ended in December.
On a percentage basis, new home closings as a part of total closings decreased to 14.8% from 23.3% a year earlier. After rising year-over-year in December, closings of new and existing homes dropped year-over-year in January.
Pricing and Mortgage Trends
The average new home value went from $164,945 last year to $191,125. This followed a 4.5% drop in December from a year earlier.
Average mortgage size on new homes went from $173,816 a year earlier to $196,665. In December 2013, average mortgage size on newly sold homes saw a 7.1% decline from a year earlier.