Newest Housing Numbers Show Prices of New Homes Climb in Yuba City, Sales Drop
Posted on: Mar 12, 2014 07:03:53 AM
In December, there was a decline year-over-year in new home closings in the Yuba City, CA market, but the decline was less than the year-over-year decline in November. New home closings moved from 8 a year earlier to 5 after the figure moved from 9 in November 2012 to 4 in November 2013.
A total of 83 new homes were sold during the 12 months that ended in December, down from 86 for the year that ended in November.
5 of the 195 total closings were new home closings, a shift on a percentage basis from 8 out of 263 a year earlier. For new and existing homes, closings declined in December after also declining in November year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $247,840 from $214,563 a year ago. This came after a 26.3% boost in November year-over-year.
Average mortgage size on new homes went from $195,031 a year earlier to $235,855. Average mortgage size on new homes went from $205,815 in November 2012 to $265,538 in November 2013.