Freshest Figures Show New Home Sales and Prices Gain in Wenatchee
Posted on: Apr 06, 2014 07:45:36 AM
The Wenatchee, WA market saw a rise in new home closings in January year-over-year, but the increase was less than December 2013. New home closings moved from 7 a year earlier to 9 after the figure moved from 1 in December 2012 to 12 in December 2013.
A total of 89 new homes were sold during the 12 months that ended in January, up from 87 for the year that ended in December.
New home closings were 9 out of 105 total closings, making up 8.6%. This is up on a percentage basis from 7 of 103 a year earlier. Following a year-over-year increase in December, closings of new and existing homes also jumped year-over-year in January.
Pricing and Mortgage Trends
The average new home value went from $230,957 last year to $271,269. This came after a 14.7% drop in December from a year earlier.
Average mortgage size on new homes went from $212,070 a year earlier to $221,808. Average mortgage size on new homes went from $247,898 in December 2012 to $215,712 in December 2013.