New Home Sales and Prices Both Increase in Yakima According to Freshest Data
Posted on: Jul 06, 2014 07:40:20 AM
There was a rise in new home closings in the Yakima, WA market in April year-over-year, rebounding from a year-over-year decline in March 2014. New home closings moved from 5 a year earlier to 11 after the figure moved from 14 in March 2013 to 4 in March 2014.
A total of 90 new homes were sold during the 12 months that ended in April, up from 84 for the year that ended in March.
New home closings were 11 out of 226 total closings, making up 4.9%. This is up on a percentage basis from 5 of 211 a year earlier. Following a fall in March year-over-year, closings of new and existing homes rose year-over-year in April.
Pricing and Mortgage Trends
The average price of new homes was $280,274, an increase from $246,609 a year earlier. This was on the heels of a 31.7% rise in March year-over-year.
Average mortgage size on new homes went from $201,672 a year earlier to $228,720. Average mortgage size on new homes went from $227,214 in March 2013 to $255,229 in March 2014.