New Home Prices Gain in Wilmington According to Recent Figures, Sales Decrease
Posted on: Mar 06, 2014 07:46:13 AM
The Wilmington, NC market saw a drop in new home closings year-over-year in December, moving south after a surge in November 2013. Closings slumped 16.8% from a year earlier to 114. This came on the heels of a 21.2% hike year-over-year in November.
A total of 1,340 new homes were sold during the 12 months that ended in December, down from 1,363 for the year that ended in November.
New home closings made up 17.6% of overall housing closings. This is down from the 19.2% of closings a year earlier. For new and existing homes, closings fell in December after also declining in November year-over-year.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes gained year-over-year to $233,129 in December, up 6.1% from last year. This gain is smaller than the 13.2% boost in November year-over-year.
In December 2013, average mortgage size on newly sold homes moved from $207,327 to $206,143 from December 2012. In November 2013, average mortgage size rose 5.2% from a year earlier.