Newest Numbers For Oxnard Show New Home Closings and Prices Increase
Posted on: Dec 06, 2013 07:35:13 AM
In the Oxnard, CA market, new home closings climbed year-over-year in September, rising after a decline in August 2013. New home closings saw a 2.9% climb from a year earlier to 36. This followed a 41.2% fall year-over-year in August.
A total of 359 new homes were sold during the 12 months that ended in September, up from 358 for the year that ended in August.
Of the total number of closings, new home closings made up 4.3%. As a part of the whole, new home closings were 3.7% a year earlier. For new and existing homes, closings fell in September after also declining in August year-over-year.
Pricing and Mortgage Trends
The average price of newly sold homes jumped year-over-year 4.7% in September to $542,408 per unit. This hike is smaller than the 22.7% boost in August year-over-year.
The average mortgage size on new homes moved north year-over-year along with new home prices. It rose 12.8% in September from a year earlier to $441,911. Average mortgage size climbed 36.5% in August 2013 from a year earlier.