New Home Sales and Prices Both Gain in Jacksonville According to Freshest Data
Posted on: Mar 06, 2014 07:20:08 AM
Closings of new homes climbed year-over-year in December in the Jacksonville, FL market, and with a more robust rise than November 2013, there are suggestions the market may be strengthening. New home closings saw a boost of 27.3% from the year earlier to 448. This was after the housing market saw a 6.8% hike year-over-year in November.
A total of 4,391 new homes were sold during the 12 months that ended in December, up from 4,295 for the year that ended in November.
New home closings made up 15.8% of overall housing closings. This marks a rise from 12.4% of total closings a year earlier. After increasing in November from a year earlier, closings of new and existing homes remained level in December.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes grew year-over-year to $263,495 in December, up 6.5% from last year. This hike is smaller than the 7.0% lift in November year-over-year.
For newly sold homes, the average mortgage size rose year-over-year along with new home prices. It gained to $221,419 in December, a 2.6% gain. In November 2013, average mortgage size increased 3.2% from a year earlier.