New Home Sales Remain Level in Yakima, Prices Fall According to Newest Data
Posted on: Mar 06, 2014 07:46:52 AM
New home closings in the Yakima, WA market remained steady year-over-year in December, staying stable after little movement in November. Closings were unchanged at 6 from a year earlier after remaining steady at 3 in November from the year earlier.
A total of 95 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
6 of the 175 total closings were new home closings, a shift on a percentage basis from 6 out of 193 a year earlier. Following a year-over-year rise in November, closings of new and existing homes slid year-over-year in December.
Pricing and Mortgage Trends
The average new home price was $211,672, down from $258,009 a year earlier. This was on the heels of a 25.0% decline in November from a year earlier.
Average mortgage size on new homes fell from $196,105 to $192,246. Average mortgage size on new homes went from $277,400 in November 2012 to $231,933 in November 2013.