Freshest Figures Show New Home Sales and Prices Climb in Oxnard
Posted on: Aug 08, 2014 11:41:04 AM
New home closings in the Oxnard, CA market gained year-over-year in May, recovering from a drop in April 2014. New home closings saw a 48.0% climb from a year earlier to 37. This followed a 15.0% decline year-over-year in April.
A total of 345 new homes were sold during the 12 months that ended in May, up from 333 for the year that ended in April.
Of 864 total closings, 37 were of new homes. This is a hike from 2.6% of closings a year earlier. Closings of new and existing homes slid year-over-year in May after also falling in April year-over-year.
Pricing and Mortgage Trends
In May, the average value of new homes saw a 61.2% lift year-over-year as it grew to $727,800 per unit. This rise is an improvement over the 38.0% surge in April year-over-year.
For newly sold homes, the average mortgage size saw a boost year-over-year along with new home prices. In May 2014, the average mortgage size on newly sold homes saw a 38.0% gain from a year earlier. In April 2014, average mortgage size on newly sold homes saw a 17.9% surge year-over-year from a year earlier.