New Home Prices Increase in Wenatchee According to Freshest Figures, Sales Fall
Posted on: Aug 08, 2014 11:56:16 AM
In the Wenatchee, WA market, closings of new homes dropped year-over-year in May, sliding after a growth in April 2014. New home closings moved from 4 a year earlier to 2 after the figure moved from 3 in April 2013 to 4 in April 2014.
A total of 66 new homes were sold during the 12 months that ended in May, down from 68 for the year that ended in April.
New home closings were 2 out of the 177 total closings, a move on a percentage basis from 4 of 203 a year earlier. For new and existing homes, closings slid in May after also declining in April year-over-year.
Pricing and Mortgage Trends
The average new home value went from $269,550 last year to $379,724. This came after a more than twofold hike in April year-over-year.
From the year-ago figure of $177,052, the average mortgage size on new homes moved up to $275,228. Average mortgage size on new homes went from $200,891 in April 2013 to $333,134 in April 2014.