Mount Vernon, WA - Local Housing Data - Summary

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Mount Vernon, Anacortes, WA

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Mount Vernon, WA Local News

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.

 
 
 

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