Prices of New Homes Climb in Hanford, Sales Decrease According to Latest Data
Posted on: Mar 06, 2014 07:17:34 AM
In the Hanford, CA market, new home closings declined year-over-year in December, and the decline was by a larger percentage than the November 2013. New home closings moved from 25 a year earlier to 8 after the figure moved from 19 in November 2012 to 9 in November 2013.
A total of 165 new homes were sold during the 12 months that ended in December, down from 182 for the year that ended in November.
New home closings were 8 out of the 100 total closings, down on a percentage basis from 25 of 154 a year earlier. For new and existing homes, closings fell in December after also declining in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $231,013, up from $212,020 a year earlier. This was on the heels of a 2.4% surge in November year-over-year.
Average mortgage size on new homes went from $214,545 a year earlier to $227,942. Average mortgage size on new homes went from $219,482 in November 2012 to $215,303 in November 2013.