Recent Figures Show New Home Sales Rise in Sebastian, Prices Decline
Posted on: Apr 06, 2014 07:39:35 AM
In the Sebastian, FL market, new home closings rose year-over-year in January, and the increase was greater than December 2013. New home closings moved from 12 a year earlier to 20 after the figure moved from 20 in December 2012 to 27 in December 2013.
A total of 332 new homes were sold during the 12 months that ended in January, up from 324 for the year that ended in December.
New home closings were 20 out of 374 total closings, making up 5.3%. This is up on a percentage basis from 12 of 353 a year earlier. After dropping in December from a year earlier, closings of new and existing homes jumped year-over-year in January.
Pricing and Mortgage Trends
The average per-unit price of new homes was $218,920, compared with $231,221 last year. This came after a 9.6% fall in December from a year earlier.
Average mortgage size on new homes increased to $200,597 from $177,759 last year. In December 2013, average mortgage size on newly sold homes saw a 8.4% surge year-over-year from a year earlier.