Beaumont, TX - Local Housing Data - Summary

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Beaumont, Port Arthur, TX

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Beaumont, TX Local News

Recent Numbers Show Prices of New Homes Climb in Beaumont, Sales Drop

Posted on: Jul 06, 2014 07:03:12 AM

In the Beaumont, TX market in April, new home closings declined year-over-year, sliding downhill after showling little movement in March from the year earlier. Closings fell 10.0% from a year earlier to 18. Closings were steady in March from the year earlier.

A total of 228 new homes were sold during the 12 months that ended in April, down from 230 for the year that ended in March.

Of the total number of closings, new home closings made up 3.3%. As a part of the whole, new home closings were 3.7% a year earlier. Closings of new and existing homes fell year-over-year in April after also falling in March year-over-year.

Pricing and Mortgage Trends

In April, there was a 46.4% boost year-over-year in the average price of newly sold homes, reaching $234,297 per unit. This hike compares to a 17.0% fall in March from a year earlier.

For newly sold homes, the average mortgage size climbed year-over-year along with new home prices. In April 2014, the average mortgage size on newly sold homes saw a 46.2% surge from a year earlier. In March 2014, average mortgage size fell 13.4% from a year earlier.

 
 
 

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