Prices of New Homes Gain in Eugene, Sales Steady According to Freshest Figures
Posted on: Nov 12, 2013 07:14:20 AM
New home closings in the Eugene, OR market stayed the same year-over-year in August, leveling out after a year-over-year decline in July. Closings were unchanged from last year at 19. Closings saw a 26.9% decline in the same month last year.
A total of 205 new homes were sold during the 12 months that ended in August, equal to the number of new homes sold for the year that ended in July.
Of the total number of closings, new home closings made up 3.8%. New home closings were 4.4% of overall closings last year. Closings of new and existing homes climbed year-over-year in August after also rising in July year-over-year.
Pricing and Mortgage Trends
In August, there was a 25.1% rise year-over-year in the average price of newly sold homes, reaching $292,521 per unit. This lift is an improvement over the 2.5% rise in July year-over-year.
Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. The average mortgage size saw a 34.2% boost year-over-year to $272,515 in August. In July 2013, average mortgage size on newly sold homes saw a 6.8% rise year-over-year from a year earlier.