Check Out the Freshest Figures Show New Home Prices Rise, Sales Decline in Valdosta
Posted on: Apr 09, 2014 07:02:06 AM
In the Valdosta, GA market, new home closings dropped year-over-year in January, and the decline was by a larger percentage than the December 2013. New home closings moved from 6 a year earlier to 4 after the figure moved from 17 in December 2012 to 14 in December 2013.
A total of 126 new homes were sold during the 12 months that ended in January, down from 128 for the year that ended in December.
New home closings were 4 out of the 129 total closings, down on a percentage basis from 6 of 106 a year earlier. Closings of new and existing homes jumped year-over-year in January after also rising in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $187,225 from last year's $166,617. This followed a 4.9% bump in December year-over-year.
Average mortgage size on new homes rose from $170,433 to $181,908. Average mortgage size on new homes went from $172,799 in December 2012 to $182,678 in December 2013.