Newest Figures Show New Home Sales and Prices Gain in Yuba City
Posted on: Aug 08, 2014 11:58:08 AM
Closings of new homes grew year-over-year in May in the Yuba City, CA market, rebounding from a year-over-year decline in April 2014. New home closings moved from 8 a year earlier to 9 after the figure moved from 7 in April 2013 to 6 in April 2014.
A total of 88 new homes were sold during the 12 months that ended in May, up from 87 for the year that ended in April.
New home closings were 9 out of the 225 total closings, a move on a percentage basis from 8 of 259 a year earlier. Closings of new and existing homes fell year-over-year in May after also falling in April year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $287,667 from $231,688 a year ago. This was on the heels of a 8.7% rise in April year-over-year.
Average mortgage size on new homes went from $219,664 a year earlier to $238,866. Average mortgage size on new homes went from $237,391 in April 2013 to $251,229 in April 2014.