When we sat down and analyzed recent numbers and statistics, we saw increases across several key categories compared to a year ago. New construction sales were up 75% and represent 21% of total home sales for the year so far, measured early this month.
During the same period a year ago, new construction sales accounted for 13% of the total. The average sale price for the period increased by 23%.In NorthWest Crossing
, building activity is influencing the numbers and causing sharper percentage changes. Overall, prices are rising and total sales are up.More on the positive front, for all properties throughout the Central Oregon MLS area, sales totaled 3,142, 8.3% above the first half of 2012. Dollar volume and volume of sales were also up – 11.3% and 39.2%, respectively, above comparable 2012 figures.
July marked a high spot in a 12-month snapshot of the market. Keeping up with demand, permits for new construction are rising sharply, with a gain of 79.7% over last year. New home construction has increased every year since bottoming out in 2009, when 68 permits were issued. Charts containing more information may be viewed by clicking here.
Want to know more? Our monthly Central Oregon News Digest has a wealth of fantastic information on the market, locally and nationally.