New Home Closings and Prices in Yuba City Climb According to Recent Figures
Posted on: Apr 06, 2014 07:47:13 AM
The Yuba City, CA market saw an increase in closings of new homes in January year-over-year, rebounding from a year-over-year decline in December 2013. New home closings moved from 4 a year earlier to 6 after the figure moved from 8 in December 2012 to 5 in December 2013.
A total of 87 new homes were sold during the 12 months that ended in January, up from 85 for the year that ended in December.
New home closings were 6 out of 176 total closings, making up 3.4%. This is up on a percentage basis from 4 of 218 a year earlier. For new and existing homes, closings declined in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average new home value went from $228,625 last year to $300,417. This was on the heels of a 15.5% boost in December year-over-year.
Average mortgage size on new homes went from $209,626 a year earlier to $278,500. Average mortgage size on new homes went from $195,031 in December 2012 to $235,855 in December 2013.