Parkersburg, WV - Latest New Home Sales Increase Year-Over-Year in February After Falling Year-Over-Year in January
Posted on: May 07, 2012 09:35:14 AM
The Parkersburg, WV market saw an increase in sales of new homes in February year-over-year, rebounding from a year-over-year decline in January 2012. New home sales moved from one a year earlier to two after the figure moved from two in January 2011 to none in January 2012.
A total of 20 new homes were sold during the 12 months that ended in February, up from 19 for the year that ended in January.
New home sales were two out of 74 total sales, making up 2.7%. This is up on a percentage basis from one of 61 a year earlier. For new and existing homes, sales jumped year-over-year in February after also increasing in January year-over-year.
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The average value of newly sold homes in February 2012 was $44,850, down from last year's $85,999. This came after a set of periods with no new home sales in both January 2012 or January 2011
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in February 2012. Single-family homes continued to account for all of new home sales.
Parkersburg, WV - Latest New Home Sales Increase Year-Over-Year in February After Falling Year-Over-Year in January
Posted on: May 07, 2012 09:35:14 AM
The Parkersburg, WV market saw an increase in sales of new homes in February year-over-year, rebounding from a year-over-year decline in January 2012. New home sales moved from one a year earlier to two after the figure moved from two in January 2011 to none in January 2012.
A total of 20 new homes were sold during the 12 months that ended in February, up from 19 for the year that ended in January.
New home sales were two out of 74 total sales, making up 2.7%. This is up on a percentage basis from one of 61 a year earlier. For new and existing homes, sales jumped year-over-year in February after also increasing in January year-over-year.
The average value of newly sold homes in February 2012 was $44,850, down from last year's $85,999. This came after a set of periods with no new home sales in both January 2012 or January 2011
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in February 2012. Single-family homes continued to account for all of new home sales.
Foreclosures and real estate owned (REO) sales did not appear to be dragging the market. Out of all existing home sales, foreclosures combined with REO sales represented 16.7% of sales. They accounted for 25.0% in February 2011. The percentage of existing home sales involving foreclosures declined to 4.2% in February from 11.7% a year earlier and REO sales moved from 13.3% of existing home sales in February 2011 to 12.5% in February 2012.
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Source: Housing Intelligence