The median sale prices for homes has taken a steep dive down to $105,000, making it an ideal time to consider a purchase. The sudden upswing in the number of homes sold, 41.4 percent higher than last year at this time, does mean that a quick closing is the only way to guarantee a purchase. Competition can be fierce when houses move rapidly. Average listing prices have also dropped, though only slightly to $244,511. The number of homes on the market and going into foreclosure (more than 600 in total) does offer those interested in rent to own homes serious negotiating power.
Yakima has plenty of options for those that like to spend their evenings out on the town. Bob's Keg and Cork offers an impressive selection of locally brewed products and live music to entertain jazz enthusiasts. Barrel House is a local treasure with a casual, intimate ambiance and is perfect for date night. Catching a game with friends or just relaxing over a beer is the thing to do at Sports Center, a full bar with lots of action and live music. Dinner and dancing is a tradition alive and well at Gilbert Cellars, a restaurant that keeps things a bit more relaxed with wine and beer service only. These are just a few of the options available to those that enjoy spending time in the hustle and bustle of the city.
Local Events and Festivals
Yakima hosts a wide array of different outdoor events during the year, ranging from the annual Central Washington State Fair to more community driven events. Each year, the state fair has the Yakina Sunfair Parade to kick things off. During the holidays, Thomasville's Victorian Christmas combines caroling, carriage rides, and costumes to create a historic atmosphere. More than 30,000 people visit during the holiday season for festive shopping and fun. The Volkksfest All-VW Weekend is a great way to spend some time in September, with games, camping, and car shows available all weekend long. Harvest & Street Painting Fest is another great September event, which also helps beautify the city and keeps residents engaged in the community. The Yakima Folklife Festival, held in July, is great family fun, while thousands look forward to the Annual Rockin' New Year's Eve event held at the Millennium Plaza.
Yakima has a lot of vibrant neighborhoods. Here are some you should know about:
Ahtanum/Summitview - Located in western Yakima, this neighborhood has a median home sale price of approximately $228k, with renters paying an average of $802 per month. Houses are typically on the smaller end, with most having no more than four bedrooms.
Brace - Median home prices are consistent in this area, but rental prices are significantly lower, with average rates at $578 per month. A slightly higher vacancy rate in this area, 7.4 percent, may explain the lower cost on rentals. Most homes are owner occupied, and most rental properties are apartments, not houses. There are some opportunities for townhome rentals or rent to own options, but not as many as in other areas.
Pomona Heights - The largest neighborhood in Yakima, Pomona Heights also has some of the least expensive real estate. Median sale prices are right in line with the national average at approximately $156k. Conversely, rental prices are significantly higher than in other areas, with an average monthly cost of $1,348. Of course, with a 0 percent vacancy rate, finding houses can be a real challenge. They do hit the market occasionally, but it may take months, if not years.