YUMA, Ariz. (KYMA, KECY) – Local realtors are sharing the latest trends they’ve seen in the Yuma County real estate market, so you know when to buy or sell.
Sean Allen of Realty Executives Yuma and Sandy Baas of Baas Realty Group have worked in Yuma’s real estate industry for 25 years and say our community market looks good for sellers.
There have been two common themes seen among real estate this past year.
The first is the increase in the number of people moving to Yuma, especially Californians, who appreciate the location as well as the lower prices.
More than 90,000 people in the United States moved to Arizona last year, nearly 300 a day.
Sandy Baas said, “There’s a street in Sierra Montana that probably half the street is from California, people who’ve built houses in the last 6-7 years.”
Of these, 23% of new residents were from California.
“We have quite a few people from the California area, I see all the way from pretty much the Monterey area all the way up the coast to Brawley in the El Centro area,” Baas said.
Allen says the influx could be due to remote working. “With covid, these big companies have taught their employees to work remotely and with that, I think Yuma’s great weather and still affordable housing is nice for people who want to relocate.”
The other trend is the lack of houses on the market, which is driving up prices.
It’s a seller’s market, which means it’s a great time to sell your home, but harder to buy.
For this reason, buyers find it difficult to find homes in Yuma as it is in high demand and supply is low.
Sixty-six is the average number of days a home is on the market in Yuma.
Brokers predict that Yuma home prices will continue to rise because buyers’ choices are so slim.