New Home Sales and Prices Both Rise in Oxnard According to Recent Data
Posted on: May 06, 2013 07:27:36 AM
In February, closings of new homes rose year-over-year in the Oxnard, CA market, and the increase was greater than January 2013. New home closings moved from nine a year earlier to 12 after the figure moved from 19 in January 2012 to 21 in January 2013.
A total of 292 new homes were sold during the 12 months that ended in February, up from 289 for the year that ended in January.
New home closings were 12 out of the 694 total closings, a move on a percentage basis from nine of 778 a year earlier. For new and existing homes, closings fell in February after also declining in January year-over-year.
Pricing and Mortgage Trends
The average new home price was $443,670, up from $430,778 a year earlier. This was on the heels of a 31.7% rise in January year-over-year.
Average mortgage size on new homes moved from $317,375 to $316,846. In January 2013, average mortgage size on newly sold homes saw a 24.6% lift year-over-year from a year earlier. Of the overall sale price, the percentage that was being financed declined 2.3 percentage points year-over-year to 71.4% in February 2013.