Freshest Numbers For Naples Show New Home Closings and Prices Increase
Posted on: Mar 06, 2014 07:29:32 AM
There was an increase in closings of new homes in the Naples, FL market in December year-over-year, and the market showed hints of strengthening as the percentage boost turned out sharper than November 2013. New home closings saw a 21.7% jump from a year earlier to 168. This came on the heels of a 2.1% boost year-over-year in November.
A total of 1,667 new homes were sold during the 12 months that ended in December, up from 1,637 for the year that ended in November.
Out of all housing closings, new home closings accounted for 10.4%. A year earlier, new home closings represented 10.3% of total closings. For new and existing homes, closings gained year-over-year in December after also increasing in November year-over-year.
Pricing and Mortgage Trends
Average price of newly sold homes had a 5.4% boost year-over-year to $558,709 per unit in December. This rise is smaller than the 23.3% lift in November year-over-year.
The average mortgage size on newly sold homes saw a rise year-over-year along with new home prices. In December 2013, the average mortgage size on newly sold homes saw a 3.0% lift from a year earlier. In November 2013, average mortgage size on newly sold homes saw a 7.8% bump year-over-year from a year earlier.