Freshest Figures Show New Home Sales and Prices Decline in Yuma
Posted on: Dec 06, 2013 07:51:54 AM
The Yuma, AZ market saw a drop in new home closings year-over-year in September, a decline following a rise in August 2013. New home closings moved from 13 a year earlier to 10 after the figure moved from 20 in August 2012 to 45 in August 2013.
A total of 286 new homes were sold during the 12 months that ended in September, down from 289 for the year that ended in August.
New home closings were 10 out of 110 total closings, making up 9.1%. This is up on a percentage basis from 13 of 223 a year earlier. Closings of new and existing homes sank year-over-year in September after also falling in August year-over-year.
Pricing and Mortgage Trends
The average new home price was $149,288, down from $206,069 a year earlier. This came after a 1.4% boost in August year-over-year.
The average mortgage size moved to $127,117, down from last year's $197,697. In August 2013, average mortgage size dropped 2.3% from a year earlier.