Recent Figures Show New Home Sales Gain in Logan, Prices Fall
Posted on: Mar 06, 2014 07:24:33 AM
Closings of new homes climbed year-over-year in December in the Logan, UT market, rebounding from a year-over-year decline in November 2013. New home closings moved from 8 a year earlier to 23 after the figure moved from 11 in November 2012 to 9 in November 2013.
A total of 167 new homes were sold during the 12 months that ended in December, up from 152 for the year that ended in November.
New home closings were 23 of the 167 total closings, up on a percentage basis from 8 of 72 a year earlier. Following a year-over-year increase in November, closings of new and existing homes also climbed year-over-year in December.
Pricing and Mortgage Trends
The average per-unit price of new homes was $229,146, compared with $243,118 last year. This followed a 30.5% boost in November year-over-year.
There was a decline in average mortgage size on new homes, going from $194,495 last year to $189,490 in December 2013. Average mortgage size on new homes went from $175,336 in November 2012 to $222,524 in November 2013.