Newest Figures Show New Home Sales and Prices Increase in Wenatchee
Posted on: Jul 06, 2014 07:39:14 AM
New home closings jumped year-over-year in April in the Wenatchee, WA market,. Closings stood at 6 in April after being 5 a year earlier and remaining unchanged at 8 in March from a year earlier.
A total of 101 new homes were sold during the 12 months that ended in April, up from 100 for the year that ended in March.
6 of the 175 total closings were new home closings, a shift on a percentage basis from 5 out of 193 a year earlier. For new and existing homes, closings slid in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average new home price was $447,326, up from $212,320 a year earlier. This came after a 14.5% boost in March year-over-year.
Average mortgage size on new homes increased to $337,171 from $175,668 last year. Average mortgage size on new homes went from $228,036 in March 2013 to $283,182 in March 2014.