Recent Numbers For Mount Vernon Show New Home Closings and Prices Climb
Posted on: Dec 06, 2013 07:32:00 AM
In the Mount Vernon, WA market in September, new home closings jumped year-over-year, but the increase was less than August 2013. New home closings moved from 12 a year earlier to 15 after the figure moved from 4 in August 2012 to 16 in August 2013.
A total of 157 new homes were sold during the 12 months that ended in September, up from 154 for the year that ended in August.
New home closings were 15 out of the 201 total closings, a move on a percentage basis from 12 of 169 a year earlier. Following a year-over-year increase in August, closings of new and existing homes also increased year-over-year in September.
Pricing and Mortgage Trends
The average price of new homes rose to $311,542 from last year's $257,781. This followed a 10.5% surge in August year-over-year.
The average mortgage size went down to $189,637 from $221,264 a year earlier. It went from $259,919 to $260,538 from August 2012 to August 2013.