YUMA, Ariz. (KYMA, KECY) - Local real estate brokers share the latest trends they’ve seen in the Yuma County real estate market, so you know when to buy or sell.
Both Sean Allen of Realty Executives Yuma and Sandy Baas of Baas Realty Group have been in the Yuma real estate business for 25 years and say the market in our community is looking good for sellers.
There have been two common themes seen among realty this past year.
The first is the increase in people moving to Yuma, specifically Californians, who like the geographic location along with the lower prices.
Over 90-thousand people within the U.S. moved to Arizona last year, almost 300 per day.
Sandy Baas said, “There’s a street in Sierra Montana that probably half of the street is all from California, people who have built houses in the last 6-7 years.”
Of those, 23 percent of new residents came from 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 down the whole coastline to Brawley, El Centro area,” said Baas.
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, it makes it nice for people who want to relocate.”
The other trend is the lack of homes on the market, driving prices up.
It's a sellers market, meaning it's a great time to sell your home, but more difficult to buy.
Because of this, buyers are struggling to find homes in Yuma because they are in such high demand and supply is low.
Sixty-six is the average number of days a home is on the market in Yuma.
Brokers predict prices for Yuma homes will continue rising as there is such slim pickings for buyers.