Yuma, AZ - Local Housing Data - Summary

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Yuma, AZ Local News

New Homes Increase in Yuma, Sales Decrease - August 2014

Posted on: Aug 09, 2014 07:03:06 AM

Closings of new homes in the Yuma, AZ market sank year-over-year in May, but the decline was less than the year-over-year decline in April. New home closings moved from 35 a year earlier to 7 after the figure moved from 26 in April 2013 to 5 in April 2014.

A total of 216 new homes were sold during the 12 months that ended in May, down from 244 for the year that ended in April.

New home closings were 13.2% of total closings a year earlier, and this percentage saw a drop as new home closings this year made up 7 of the 180 total closings. Following a year-over-year decline in April, closings of new and existing homes also dropped year-over-year in May.

Pricing and Mortgage Trends

The average new home value went from $188,234 last year to $277,878. This came after a 18.8% fall in April from a year earlier.

Average mortgage size on new homes moved from $179,207 to $180,910. Average mortgage size on new homes went from $183,018 in April 2013 to $147,131 in April 2014.

 
 
 

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