Prices of New Homes Gain in Mount Vernon, Sales Steady According to Freshest Figures
Posted on: Jul 06, 2014 07:25:04 AM
Closings of new homes in the Mount Vernon, WA market remained unchanged year-over-year in April, staying level after a year-over-year increase in March from a year earlier. Closings remained level at 13 from a year earlier after the figure moved from 11 in March 2013 to 19 in March 2014.
A total of 182 new homes were sold during the 12 months that ended in April, equal to the number of new homes sold for the year that ended in March.
13 of the 204 total closings were new home closings, a shift on a percentage basis from 13 out of 216 a year earlier. For new and existing homes, closings declined in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average new home price was $291,035, up from $282,287 a year earlier. This followed a 2.4% decline in March from a year earlier.
There was a decline in average mortgage size on new homes, going from $257,247 last year to $201,444 in April 2014. Average mortgage size on new homes went from $247,854 in March 2013 to $217,170 in March 2014.