Hinesville, GA - Local Housing Data - Summary

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Hinesville, Fort Stewart, GA

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Hinesville, GA Local News

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.

 
 
 

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