Prices of New Homes Climb in Mount Vernon, Sales Decrease According to Newest Data
Posted on: Apr 06, 2014 07:28:32 AM
In the Mount Vernon, WA market, closings of new homes fell year-over-year in January, and the decline was by a larger percentage than the December 2013. New home closings moved from 9 a year earlier to 8 after the figure moved from 15 in December 2012 to 14 in December 2013.
A total of 170 new homes were sold during the 12 months that ended in January, down from 171 for the year that ended in December.
New home closings were 8 out of 137 total closings, making up 5.8%. This is up on a percentage basis from 9 of 198 a year earlier. After rising year-over-year in December, closings of new and existing homes slid year-over-year in January.
Pricing and Mortgage Trends
The average new home value went from $298,832 last year to $320,987. This followed a 11.3% bump in December year-over-year.
The average mortgage size moved to $243,633, down from last year's $256,672. Average mortgage size on new homes went from $261,100 in December 2012 to $237,496 in December 2013.