Latest Numbers For Corvallis Show New Home Closings and Prices Gain
Posted on: Dec 06, 2013 07:11:39 AM
Closings of new homes in the Corvallis, OR market climbed year-over-year in September, and the increase was greater than August 2013. New home closings moved from 3 a year earlier to 11 after the figure moved from 5 in August 2012 to 9 in August 2013.
A total of 95 new homes were sold during the 12 months that ended in September, up from 87 for the year that ended in August.
New home closings were 11 of the 117 total closings, up on a percentage basis from 3 of 83 a year earlier. Closings of new and existing homes gained year-over-year in September following a drop in August year-over-year.
Pricing and Mortgage Trends
The average new home value went from $248,039 last year to $260,580. This was on the heels of a 13.1% lift in August year-over-year.
Average mortgage size on new homes moved from $218,000 to $217,189. Average mortgage size on new homes went from $210,488 in August 2012 to $204,053 in August 2013.