Latest Figures Show New Home Sales Increase in Beaumont, Prices Drop
Posted on: Mar 06, 2014 07:03:47 AM
New home closings grew year-over-year in December in the Beaumont, TX market, but the increase was less than November 2013. New home closings moved from 13 a year earlier to 23 after the figure moved from 9 in November 2012 to 24 in November 2013.
A total of 237 new homes were sold during the 12 months that ended in December, up from 227 for the year that ended in November.
New home closings were 23 of the 525 total closings, up on a percentage basis from 13 of 415 a year earlier. Following a year-over-year increase in November, closings of new and existing homes also rose year-over-year in December.
Pricing and Mortgage Trends
The average value of newly sold homes in December 2013 was $192,947, down from last year's $257,488. This came after a 4.0% hike in November year-over-year.
Average mortgage size on new homes fell from $213,173 to $166,279. Average mortgage size on new homes went from $182,114 in November 2012 to $179,219 in November 2013.