Prices of New Homes Climb in Macon, Sales Steady According to Latest Figures
Posted on: Feb 11, 2014 07:22:42 AM
Closings of new homes in the Macon, GA market remained unchanged year-over-year in October, staying flat after dropping year-over-year in September from the year earlier. Closings remained level at 2 from a year earlier after the figure moved from 5 in September 2012 to 3 in September 2013.
A total of 43 new homes were sold during the 12 months that ended in October, equal to the number of new homes sold for the year that ended in September.
2 of the 259 total closings were new home closings, a shift on a percentage basis from 2 out of 335 a year earlier. Closings of new and existing homes sank year-over-year in October after also falling in September year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $197,588 from $189,509 a year ago. This came after a 21.8% gain in September year-over-year.
The average mortgage size on new homes was $158,060, up from $90,000. Average mortgage size on new homes went from $185,265 in September 2012 to $216,518 in September 2013.