Logan, UT - Local Housing Data - Summary

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Logan, UT, ID

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Logan, UT Local News

Prices of New Homes Rise in Logan, Sales Steady According to Recent Figures

Posted on: Aug 08, 2014 11:33:12 AM

Closings of new homes in the Logan, UT market remained steady year-over-year in May, staying level after a year-over-year decline in April from the year earlier. Closings remained level at 2 from a year earlier after the figure moved from 2 in April 2013 to 1 in April 2014.

2 of the 169 total closings were new home closings, a shift on a percentage basis from 2 out of 202 a year earlier. Following a year-over-year increase in April, closings of new and existing homes sank year-over-year in May.

Pricing and Mortgage Trends

The average new home price was $218,013, up from $197,066 a year earlier. This followed a 1.8% gain in April year-over-year.

Average mortgage size on new homes rose from $157,653 to $174,411. Average mortgage size on new homes went from $190,557 in April 2013 to $156,690 in April 2014.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in May 2014.

 
 
 

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