Fort Walton Beach, FL - Newest New Home Sales Numbers Suggest Market Rise Strengthening.
Posted on: May 07, 2012 09:11:41 AM
There was a rise in sales of new homes in the Fort Walton Beach, FL market in February year-over-year, and the increase was greater than January 2012. New home sales moved from 30 a year earlier to 40 after the figure moved from 14 in January 2011 to 16 in January 2012.
A total of 455 new homes were sold during the 12 months that ended in February, up from 445 for the year that ended in January.
Out of all housing sales, new home sales accounted for 13.0%. This is up from the 9.1% of sales a year earlier. For new and existing homes, sales declined in February after also declining in January year-over-year.
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Pricing and Mortgage Trends
For newly sold homes, the average price rose 8.4% year-over-year in February to $229,123 per unit. This rise is smaller than the 9.9% rise in January year-over-year.
The average mortgage size on new homes moved north year-over-year along with new home prices. Average mortgage size increased 7.5% to $231,846 in February from a year earlier. Average mortgage size on new homes went from $254,042 in January 2011 to $276,990 in January 2012.
Fort Walton Beach, FL - Newest New Home Sales Numbers Suggest Market Rise Strengthening.
Posted on: May 07, 2012 09:11:41 AM
There was a rise in sales of new homes in the Fort Walton Beach, FL market in February year-over-year, and the increase was greater than January 2012. New home sales moved from 30 a year earlier to 40 after the figure moved from 14 in January 2011 to 16 in January 2012.
A total of 455 new homes were sold during the 12 months that ended in February, up from 445 for the year that ended in January.
Out of all housing sales, new home sales accounted for 13.0%. This is up from the 9.1% of sales a year earlier. For new and existing homes, sales declined in February after also declining in January year-over-year.
Pricing and Mortgage Trends
For newly sold homes, the average price rose 8.4% year-over-year in February to $229,123 per unit. This rise is smaller than the 9.9% rise in January year-over-year.
The average mortgage size on new homes moved north year-over-year along with new home prices. Average mortgage size increased 7.5% to $231,846 in February from a year earlier. Average mortgage size on new homes went from $254,042 in January 2011 to $276,990 in January 2012.
Other Market Trends
Sales of attached units, as a percentage of new home sales, have climbed from last year while sales of single-family homes have slumped. Attached unit sales rose from no part of all sales in February 2011 to 5.0% of sales in February 2012. At the same time, the share belonging to single-family homes sank to 95.0% of sales from all of sales.
Foreclosures and real estate owned (REO) sales decreased in February from a year earlier, but remained a drag on the market. Together, foreclosures plus REO sales represented 34.8% of existing home sales, down from 58.1% a year earlier. The percentage of existing home sales involving foreclosures declined to 17.2% in February from 42.9% a year earlier while REO sales as a percentage of existing home sales rose to 17.6% from 15.3%.
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Source: Housing Intelligence