Want a New Place to Live? Home Sales HOT In The Yakima Valley
Would you like a new home? A change of pace and surroundings? If the answer is yes you're not alone. A lot of people have been thinking that way over the last year creating a hot local real estate market. No doubt the last year was a challenge for everyone including local businesses.
However one industry in the Yakima actually saw a lot of growth during the pandemic and business is still booming.
THE DEMAND CONTINUES FOR NEW HOMES
It's the local real estate market. Cory Bemis owner of Yakima's John L. Scott Real Estate says during the pandemic many people sold and purchased homes and that meant more demand and higher prices.
Ready for the numbers?
He says the according to information from the end of June the median home sales price in Yakima was $314,000 which is an 18.57% increase from last year when the median price was $265,000.
JUNE SALES WERE HOT LIKE THE TEMPERATURE
It was a busy month for local real estate agents. 217 homes were sold in June. That's an increase of 27.6% from the 170 homes that were sold in June of 2020. The number of homes sold this year is also a 16% increase over the 187 homes sold in June of 2019.
All total this year? Bemis says 934 homes have sold so far this year which is a 14% increase over last year when 818 homes were sold at this time of the year.
Lots of people are in the market looking for a home and many are ready to buy Today.
Bemis says 30 year fixed rate mortgages are averaging a 3.03% interest rate right now according to MortgageNewsDaily.com.
Bemis says there are currently 402 pending/contingent homes listed for sale and 188 available listings.
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