Newest Figures Show New Home Prices Gain, Sales Fall in Yuba City
Posted on: Jul 06, 2014 07:40:46 AM
In the Yuba City, CA market, new home closings sank year-over-year in April, dropping after a year-over-year increase in March 2014. New home closings moved from 7 a year earlier to 6 after the figure moved from 6 in March 2013 to 7 in March 2014.
A total of 89 new homes were sold during the 12 months that ended in April, down from 90 for the year that ended in March.
6 of the 232 total closings were new home closings, a shift on a percentage basis from 7 out of 246 a year earlier. Following a year-over-year decline in March, closings of new and existing homes also fell year-over-year in April.
Pricing and Mortgage Trends
The average price of new homes was $263,750, an increase from $242,643 a year earlier. This was on the heels of a 17.0% hike in March year-over-year.
Average mortgage size on new homes rose from $237,391 to $251,229. Average mortgage size on new homes went from $215,962 in March 2013 to $271,036 in March 2014.