New Home Sales and Prices Both Increase in Yakima According to Recent Data
Posted on: Dec 06, 2013 07:51:12 AM
In September, there was an increase in closings of new homes in the Yakima, WA market year-over-year, and the increase was greater than August 2013. New home closings moved from 5 a year earlier to 11 after the figure moved from 5 in August 2012 to 8 in August 2013.
A total of 93 new homes were sold during the 12 months that ended in September, up from 87 for the year that ended in August.
New home closings were 11 of the 228 total closings, up on a percentage basis from 5 of 161 a year earlier. Closings of new and existing homes jumped year-over-year in September following a decline in August year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $257,159, an increase from $247,637 a year earlier. This followed a 23.9% hike in August year-over-year.
Average mortgage size on new homes rose from $212,831 to $231,100. Average mortgage size on new homes went from $203,656 in August 2012 to $228,543 in August 2013.