Prices of New Homes Climb in Yuba City, Sales Drop According to Latest Data
Posted on: Feb 11, 2014 07:42:35 AM
New home closings dropped year-over-year in November in the Yuba City, CA market, falling after remaining level in October from the year earlier. Closings stood at 4 in November after being 9 a year earlier and remaining unchanged at 11 in October from a year earlier.
A total of 86 new homes were sold during the 12 months that ended in November, down from 91 for the year that ended in October.
New home closings were 4 out of the 181 total closings, down on a percentage basis from 9 of 227 a year earlier. Closings of new and existing homes dropped year-over-year in November after also falling in October year-over-year.
Pricing and Mortgage Trends
The average new home price was $262,250, up from $207,667 a year earlier. This was on the heels of a 24.6% bump in October year-over-year.
Average mortgage size on new homes went from $205,815 a year earlier to $265,538. Average mortgage size on new homes went from $183,272 in October 2012 to $193,140 in October 2013.