Recent Numbers Show Prices of New Homes Climb in Wenatchee, Sales Fall
Posted on: May 06, 2013 07:39:15 AM
In the Wenatchee, WA market in February, new home closings sank year-over-year, dropping after a year-over-year increase in January 2013. New home closings moved from six a year earlier to four after the figure moved from four in January 2012 to eight in January 2013.
A total of 56 new homes were sold during the 12 months that ended in February, down from 58 for the year that ended in January.
Out of 123 total closings, four were of new homes, which makes up a smaller percentage than the six out of 96 total closings last year. Following a year-over-year increase in January, closings of new and existing homes also jumped year-over-year in February.
Pricing and Mortgage Trends
The average new home price was $297,225, up from $214,845 a year earlier. This came after a 7.3% rise in January year-over-year.
Average mortgage size on new homes went from $201,522 a year earlier to $230,009.