Home sales up in YakimaPosted: Updated:
YAKIMA, Wash.-- Home sales are up 9% in Yakima. With prices and interest rates making for an attractive deal, buyers and sellers are excited.
Walk down any street in Yakima and you can spot for sale signs down the block. But lately, things have been getting a little better for people looking to sell their homes in town.
"It is pretty substantial. In a market place that has had nothing but downward trends for the last few years, to have growth in the market is a positive sign," said Chris Pauling, broker and owner of Prudential Almon Realty.
Pauling says with attractive interest rates, and great prices on homes people are starting to buy again.
"When you're looking at rates at just over 4% for a 30 year fixed, these are unprecedented... Certainly in our lifetime," said Pauling.
And other brokers in town agree! Christina Hoover is the broker at Windermere Real Estate.
She says she's also starting to see things improve with people from out of state looking to move to Yakima.
"If a person wanted to buy, had thoughts about it, was waffling all summer. Get out there and do it right now cause it's just a wonderful time," said Hoover.
Hoover and Pauling say the increase started toward the end of July, and the month of August has been great for buyers, sellers, and agents.
They say the average price for a home is down, but only slightly and hopefully this comeback will continue.
"Certainly we're not at the pace of sales as experienced during the real estate boom, but people are beginning to feel confident," said Pauling.