Jacksonville, FL - Local Housing Data - Summary

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Jacksonville, FL Local News

  • The Top 5 Big Cities for Buying Big Homes

    Where can both the active adult and entry-level buyer go in search of a spacious new-home without paying high prices in the country's biggest metros? BUILDER ranks the top five markets for the metropolitan new-home buyer seeking space, and the builders leading in each market.

  • 1Q14 Jacksonville Housing Market Analysis

    Metrostudy's first-quarter housing market survey shows Jacksonville housing starts are strong in 2014 and employment growth will fuel the market for the next few quarters.

  • Jacksonville, FL - March 2014 - Figures for New Home Closings Suggest Market Climb Losing Steam

    New home sales climbed in March. Foreclosures as a percentage of existing home closings rose, climbing 10.0% percentage points. Average prices of new homes moved up, rising 13.5%. The percentage of new home closings belonging to attached homes dropped, falling 7.4% percentage points.

Recent Figures Show New Home Sales and Prices Climb in Jacksonville

Posted on: Jul 06, 2014 07:17:16 AM

Closings of new homes increased year-over-year in April in the Jacksonville, FL market, but with a less pronounced percentage gain than March 2014, there are suggestions of market stabilization. Closings increased 14.9% from a year earlier to 409. This was after the housing market saw a 26.2% hike year-over-year in March.

A total of 4,771 new homes were sold during the 12 months that ended in April, up from 4,718 for the year that ended in March.

Of 3,140 total closings, 409 were of new homes. This marks a rise from 11.3% of total closings a year earlier. Closings of new and existing homes remained steady in April after rising in March year-over-year.

Pricing and Mortgage Trends

In April, the average price of newly sold homes climbed 15.7% year-over-year to $289,179 per unit. This surge is better than the 13.9% lift in March year-over-year.

For newly sold homes, the average mortgage size rose year-over-year along with new home prices. In April 2014, there was a 11.8% boost in the average mortgage size, reaching $244,671. In March 2014, average mortgage size on newly sold homes saw a 9.3% bump year-over-year from a year earlier.

 
 
 

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