Recent Numbers Show New Home Prices Climb in Bellingham, Sales Steady
Posted on: Apr 06, 2014 07:04:11 AM
Closings of new homes in the Bellingham, WA market remained steady year-over-year in January, staying level after a year-over-year increase in December from a year earlier. Closings remained level at 8 from a year earlier after the figure moved from 10 in December 2012 to 13 in December 2013.
A total of 194 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
8 of the 223 total closings were new home closings, a shift on a percentage basis from 8 out of 302 a year earlier. Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $318,830 from $283,088 a year ago. This followed a 14.5% bump in December year-over-year.
From the year-ago figure of $174,958, the average mortgage size on new homes moved up to $250,502. Average mortgage size on new homes went from $207,328 in December 2012 to $237,240 in December 2013.