In the Barnstable Town, MA market in August, new home sales rose year-over-year, rebounding from a year-over-year decline in July 2011. New home sales moved from three a year earlier to four after the figure moved from three in July 2010 to one in July 2011.

A total of 23 new homes were sold during the 12 months that ended in August, up from 22 for the year that ended in July.

New home sales were four of the 124 total sales, up on a percentage basis from three of 155 a year earlier. Following a year-over-year decline in July, sales of new and existing homes also dropped year-over-year in August.

The average per-unit price of new homes was $350,264 in August 2011, moving south from $405,000 a year earlier. This was on the heels of a 3.7% rise in July year-over-year.

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 two of three a year earlier. Meanwhile, single-family homes made up no part of new home sales after making up one of three a year earlier.

Foreclosures and real estate owned (REO) sales remained a burden on the market. Combined, foreclosures plus REO sales accounted for 61.7% of existing home sales. They made up 67.1% in August 2010. The percentage of existing home sales involving foreclosures rose to 39.2% in August from 36.8% a year earlier while REO sales as a percentage of existing home sales declined to 22.5% from 30.3% a year earlier.

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