In the Barnstable Town, MA market, new home sales declined year-over-year in July, but the decline was less than the year-over-year decline in June. New home sales moved from three a year earlier to one after the figure moved from six in June 2010 to none in June 2011.

In the 12 months ending July 2011, there were 13 new home sales, down from an annualized 15 in June.

New home sales were one of the 80 total sales, down on a percentage basis from three of 124 a year earlier. Following a year-over-year decline in June, sales of new and existing homes also fell year-over-year in July.

The average new home value went from $313,333 last year to $324,900,. This followed a set of periods with no new home sales in both June 2011 or June 2010

The average mortgage size on new homes was $259,920, up from $130,000.

The share of new home sales made up by attached units has risen while the share belonging to single-family homes has fallen. Attached sales made up all of new home sales after accounting for one of three a year earlier. Meanwhile, single-family homes made up no part of new home sales after making up two of three a year earlier.

Foreclosures and real estate owned (REO) sales remained a burden on the market. Combined, foreclosures plus REO sales represented 72.2% of existing home sales. They accounted for 67.8% of sales in July 2010. The percentage of existing home sales belonging to foreclosures saw a 7.5 percentage point rise to 43.0% of sales in July from 35.5% of sales a year earlier while REO sales fell to 29.1% of existing sales from 32.2% of sales a year earlier.

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