Do you want to buy a house in Yakima? Better hurry up

Home sales remain strong in Yakima, just as they were last year. If you are in the market to buy a home, your choices are only limited by how much you want to spend.

Cory Bemis, owner of John L. Scott Real Estate in Yakima, says the median price of a home in Yakima continues to rise. Currently, the median price is $ 318,000, which is an increase of 18.22% over last year, when the price was $ 269,000.

218 HOUSES SOLD TO YAKIMA LAST MONTH

Bemis says there are increases across the board. He says 218 homes were sold in July, a 0.5% increase from the 217 homes sold in July 2020 during the pandemic. This is also a 7.5% increase from the 187 homes sold in July 2019.

Bemis says demand remains strong throughout the year. 1,155 homes have been sold so far this year, which is an 11.6% increase from 2020 when
1,035 houses were sold in Yakima. Compared to the peak bubble years, as Bemis calls them, in 2006 and 2007, there were 1,090 and 1,109 homes sold during that same period.

LOW MORTGAGE RATES ARE PART OF THE REASON FOR INCREASED SALES

So what is driving this increase in the domestic market in Yakima and the country?
For some, it’s the cost of a mortgage. According to MortgageNewsDaily.com, 30-year fixed-rate mortgages have an average interest rate of 2.85% right now, up from 3.03% last month.
Bemis says “there are currently 426 pending / contingent homes for sale (24 over a month ago) and 179 listings available (up from 188 a month ago).”

ALSO: Former Minnesota Twins’ All-Star House for Sale – Complete with Brewery

WATCH: This is the richest city in every state

Just saying the names of these towns immediately conjures up images of grand mansions, fancy cars, and fancy restaurants. Read on to see which city in your home state received the title of richest place and which place had the highest median income in the country. Who knows, your hometown might even be on this list.

WATCH: Here are the best lakeside towns to live in

Most of the cities included jump out to casual observers as popular summer rental spots – Branson of the Ozarks, Missouri, or Lake Havasu in Arizona – it might surprise you to dive deeper into some of the quality of life offerings in the area. beyond the beach and vacation homes. You will likely gain knowledge in a wide range of Americana: one of the last 1950s-style drive-ins in the Midwest; a town in Florida that started out as a retreat for Civil War veterans; an island with some of the best public schools in the country and the wealthy smack in the middle of a lake between Seattle and Bellevue; and even a Californian town containing much more than the blues of Johnny Cash’s prison.

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