Logan, UT - Local Housing Data - Summary

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Logan, UT, ID

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Logan, UT Local News

New Home Closings and Prices in Logan Drop According to Latest Figures

Posted on: Apr 06, 2014 07:24:14 AM

In the Logan, UT market in January, closings of new homes sank year-over-year, falling after a rise in December 2013. New home closings moved from 9 a year earlier to 8 after the figure moved from 9 in December 2012 to 23 in December 2013.

A total of 171 new homes were sold during the 12 months that ended in January, down from 172 for the year that ended in December.

8 of the 125 total closings were new home closings, a shift on a percentage basis from 9 out of 143 a year earlier. Following a year-over-year increase in December, closings of new and existing homes declined year-over-year in January.

Pricing and Mortgage Trends

The average new home price was $181,023, down from $234,828 a year earlier. This came after a 1.6% fall in December from a year earlier.

The average mortgage size went down to $162,729 from $187,862 a year earlier. Average mortgage size on new homes went from $186,380 in December 2012 to $189,490 in December 2013.

 
 
 

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