New Home Prices Gain in Oxnard According to Recent Figures, Sales Drop
Posted on: Apr 06, 2014 07:31:48 AM
In January, there was a decline year-over-year in new home closings in the Oxnard, CA market, falling after a rise in December 2013. New home closings moved from 22 a year earlier to 13 after the figure moved from 27 in December 2012 to 43 in December 2013.
A total of 346 new homes were sold during the 12 months that ended in January, down from 355 for the year that ended in December.
13 of the 469 total closings were new home closings, a shift on a percentage basis from 22 out of 674 a year earlier. Closings of new and existing homes dropped year-over-year in January after also falling in December year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $576,538 from $416,364 a year ago. This was on the heels of a 30.5% rise in December year-over-year.
Average mortgage size on new homes increased to $455,646 from $335,764 last year. In December 2013, average mortgage size gained 44.6% from a year earlier.