New Home Prices Gain in Yuba City According to Recent Figures, Sales Drop
Posted on: Dec 06, 2013 07:51:44 AM
Closings of new homes declined year-over-year in September in the Yuba City, CA market, and the decline was by a larger percentage than the August 2013. New home closings moved from 8 a year earlier to 4 after the figure moved from 10 in August 2012 to 7 in August 2013.
A total of 91 new homes were sold during the 12 months that ended in September, down from 95 for the year that ended in August.
New home closings were 3.1% of total closings a year earlier, and this percentage saw a drop as new home closings this year made up 4 of the 211 total closings. Closings of new and existing homes dropped year-over-year in September after also falling in August year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $274,125 from $232,563 a year ago. This followed a 35.5% surge in August year-over-year.
Average mortgage size on new homes increased to $248,692 from $217,403 last year. Average mortgage size on new homes went from $186,755 in August 2012 to $242,099 in August 2013.