Newest Figures Show New Home Sales Gain in Wenatchee, Prices Decrease
Posted on: Dec 06, 2013 07:50:01 AM
New home closings in the Wenatchee, WA market grew year-over-year in September, and the increase was greater than August 2013. New home closings moved from 2 a year earlier to 8 after the figure moved from 6 in August 2012 to 8 in August 2013.
A total of 60 new homes were sold during the 12 months that ended in September, up from 54 for the year that ended in August.
New home closings were 8 out of 182 total closings, making up 4.4%. This is up on a percentage basis from 2 of 78 a year earlier. Closings of new and existing homes rose year-over-year in September after also rising in August year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in September 2013 was $275,625, down from last year's $311,975. This followed a 9.0% boost in August year-over-year.
Average mortgage size on new homes fell from $278,576 to $187,719. Average mortgage size on new homes went from $177,672 in August 2012 to $249,030 in August 2013.