Yakima July 13, 2023: Current Sales Data Highlights
Welcome to another update on the Yakima real estate market. Today, we’re looking at the sales data as of July 13, 2023. We will be comparing the statistics of the current month, the previous month, and the data collected over the past 180 days.
Single-Family Homes, Condominiums, Manufactured Homes, and Land Lots: A Comparative Analysis
The Yakima real estate market has shown interesting fluctuations over these periods. The total number of transactions, average sales price, median sales price, and the price per square foot for different types of properties all offer valuable insights.
| Period | Total Transactions | Average Sales Price | Median Sales Price | Average Price/sq ft | Median Price/sq ft |
|---|---|---|---|---|---|
| Current Month | 28 | $429,586 | $422,500 | $189.57 | $192.97 |
| Last Month | 92 | $398,255 | $346,500 | $211.05 | $217.3 |
| Past 180 Days | 539 | $335,814 | $309,140 | $205.07 | $202.04 |
Analyzing The Trends
The current month shows a significant rise in the average and median sales prices compared to both the previous month and the average of the past 180 days. This suggests an increase in demand or a decrease in supply, leading to higher prices. Meanwhile, the total transactions decreased sharply, indicating a possible market tightening.
Interestingly, the price per square foot in the current month is lower than both the previous month and the past 180-day average. This suggests buyers might be opting for larger properties, which typically have a lower price per square foot.
Conclusion
With a recent upswing in prices and fewer transactions, the Yakima market seems to be in an interesting phase of adjustment. However, these are just statistics – the actual decision to buy or sell should always be based on individual circumstances and consultation with a real estate professional. We’ll keep a close eye on these trends and continue providing you with the most current and comprehensive sales data.
