Latest Figures Show New Home Sales and Prices Fall in Yuma
Posted on: Jul 06, 2014 07:40:55 AM
Closings of new homes dropped year-over-year in April in the Yuma, AZ market, sliding down after a gain in March 2014. New home closings saw a fall of 48.3% from the year earlier to 15. This was after the housing market saw a 35.0% hike year-over-year in March.
A total of 345 new homes were sold during the 12 months that ended in April, down from 359 for the year that ended in March.
Out of all housing closings, new home closings made up 8.4%. This is a fall 11.3% of closings a year earlier. For new and existing homes, closings dropped in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average per-unit value of new homes declined year-over-year to $149,495 in April, a drop of 18.1% from a year earlier. This decline is larger than the 7.5% fall in March from a year earlier.
The average mortgage size on newly sold homes slid year-over-year in contrast to the average price of new homes. Average mortgage size declined by 20.8% from a year earlier, settling at $144,913 in April. Average mortgage size slid 12.1% in March 2014 from a year earlier.