Freshest Numbers Show Prices of New Homes Rise in Santa Rosa, Sales Decline
Posted on: Apr 06, 2014 07:39:05 AM
Closings of new homes dropped year-over-year in January in the Santa Rosa, CA market, falling after a rise in December 2013. New home closings moved from 17 a year earlier to 13 after the figure moved from 12 in December 2012 to 26 in December 2013.
A total of 265 new homes were sold during the 12 months that ended in January, down from 269 for the year that ended in December.
13 of the 361 total closings were new home closings, a shift on a percentage basis from 17 out of 438 a year earlier. For new and existing homes, closings dropped in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $496,162, an increase from $405,235 a year earlier. This was on the heels of a 36.1% hike in December year-over-year.
Average mortgage size on new homes went from $341,307 a year earlier to $417,201. Average mortgage size on new homes went from $365,437 in December 2012 to $428,999 in December 2013.