Latest Figures Show New Home Sales and Prices Decline in Punta Gorda
Posted on: May 06, 2013 07:30:10 AM
Closings of new homes declined year-over-year in February in the Punta Gorda, FL market, and the decline was by a larger percentage than the January 2013. New home closings moved from 23 a year earlier to one after the figure moved from 28 in January 2012 to 20 in January 2013.
A total of 298 new homes were sold during the 12 months that ended in February, down from 320 for the year that ended in January.
New home closings were one of the 50 total closings, down on a percentage basis from 23 of 467 a year earlier. Closings of new and existing homes slid year-over-year in February after also falling in January year-over-year.
The average new home price in February 2013 went down to $139,000 from $170,191 last year. This came after a 10.6% gain in January year-over-year.
Other Market Trends
As a share of new home closings, single-family home closings have risen from last year while the share belonging to attached units has fallen. Single-family home closings made up all of new home closings after accounting for 12 of 23 last year. Meanwhile, attached units made up no part of new home closings after making up 11 of 23 closings a year earlier.