New Home Sales and Prices Both Increase in Eugene According to Freshest Data
Posted on: May 06, 2013 07:11:16 AM
Closings of new homes in the Eugene, OR market rose year-over-year in February, but the increase was less than January 2013. New home closings moved from 11 a year earlier to 16 after the figure moved from nine in January 2012 to 20 in January 2013.
A total of 203 new homes were sold during the 12 months that ended in February, up from 198 for the year that ended in January.
New home closings were 16 out of 297 total closings, making up 5.4%. This is up on a percentage basis from 11 of 274 a year earlier. For new and existing homes, closings rose year-over-year in February after also increasing in January year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $243,140 in February 2013, up from $194,120 a year ago. This followed a 4.3% decline in January from a year earlier.
The average mortgage size on new homes was $210,529, up from $146,061. Average mortgage size on new homes went from $226,981 in January 2012 to $206,099 in January 2013. The overall percentage of sale price that was being financed increased 11.3 percentage points year-over-year to 86.6% in February 2013. In January 2013, there was a 4.9 percentage point decline in January from a year earlier.