Newest Numbers For Mount Vernon Show New Home Closings and Prices Increase
Posted on: Feb 12, 2014 07:16:02 AM
In the Mount Vernon, WA market in November, closings of new homes grew year-over-year,. Closings stood at 20 in November after being 12 a year earlier and remaining unchanged at 10 in October from a year earlier.
A total of 169 new homes were sold during the 12 months that ended in November, up from 161 for the year that ended in October.
New home closings were 20 out of 188 total closings, making up 10.6%. This is up on a percentage basis from 12 of 169 a year earlier. Closings of new and existing homes climbed year-over-year in November after also rising in October year-over-year.
Pricing and Mortgage Trends
The average new home price was $310,907, up from $268,986 a year earlier. This followed a 11.2% bump in October year-over-year.
Average mortgage size on new homes went from $186,455 a year earlier to $260,033. Average mortgage size on new homes went from $233,761 in October 2012 to $261,860 in October 2013.