YAKIMA MARKET UPDATE

Blog Post HeaderAnyone who has watched the housing market in the last decade has noticed our market shift in many different ways. Just a few short years ago, the market was saturated with foreclosures and short sales, creating a buyers’ market and dragging home prices down. The market has continued its steady improvement and we find now that available inventory has reached its lowest point in years. Buyers are now fighting it out, trying to gain acceptance from sellers in what’s becoming a brutal marketplace.

Last year the Yakima metro area saw an 11% increase in the number of homes sold, coupled with a decrease of new listings being placed on the market by 6%, reminding us of Econ 101’s law of Supply and Demand. This reduced inventory has shortened market times and in a few cases has resulted in multiple offers on the same house. As a result, prices of some homes in the best neighborhoods are escalating. Properties in the $150,000 to $350,000 price range in desirable neighborhoods are in highest demand.

That doesn’t even take into account interest rates that are still at a 40 year low. Money has never been cheaper to borrow – which is great news for buyers. The only thing missing is something to actually BUY with that cheap money. If your home hits the market now, it is likely to be viewed more, and seen with better consideration because of the lack of competing properties.

This is where homeowners who have been waiting on the sidelines come in. If you thought about selling your home, or were afraid your home might not be worth enough for a standard sale, it is very well worth your time to take a fresh look at the new marketplace and see if now might be the right time to try again. Your value may very well have increased since you last analyzed it.

What is the current value of my home?

For a complimentary comparative market analysis of your current home, call one of our knowledgeable, professional experts today: 509 966-3030

 

Prudential Almon Realty will soon be Berkshire Hathaway HomeServices Central Washington Real Estate

We are proud to announce that Prudential Almon Realty will soon be affiliated with the finest business organization in the world. Berkshire Hathaway HomeServices is part of Warren Buffett’s Berkshire Hathaway company. They are rated world’s number one most respected company and we are pleased to move our success to an organization with such integrity, strength and knowledge.

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Protect Your Home from Radon

If you have recently bought or sold a house, you have probably heard of radon. This invisible, odorless and tasteless gas comes from the natural breakdown of uranium in soil, and it rises through the ground and into the air. The air dissipates it enough that it is not harmful. But it also can seep into your home through cracks or holes in the foundation, where it becomes trapped and can become concentrated to unhealthy levels. In fact, the U.S. Environmental Protection Agency (EPA) estimates that radon is the second-leading cause of lung cancer in the United States, responsible for more than 20,000 deaths a year.

Luckily, testing for excessive amounts of radon and alleviating the problem in your home is a simple process. You can purchase low-cost “do it yourself” tests or hire a qualified tester. If levels in your home are found to be high, a radon mitigation system can be installed, which is simply a vent pipe system and fan that pulls radon from beneath the house and vents it outside.

Radon levels can vary tremendously from home to home, and even in the same home from season to season. The EPA estimates that 1 in 15 homes have undetected high levels of radon. So if your home hasn’t been tested, it is probably a good idea to do so and make sure you are protected from this dangerous gas. Visit the EPA’s website at http://www.epa.gov/radon for a variety of publications and resources about radon.

Fact: Radon is heavy and collects in low areas. If you spend a lot of time in your basement, the EPA recommends you test your home for radon.

What Does Your Front Door Say About You?

We know that different colors evoke different emotions in people, but color experts say color can also be an indicator of your personality, even (or especially) on your front door.

“The front door is the focal point of the home,” says Debbie Zimmer of the Paint Quality Institute. “The color there sends a strong message – in the case of the front door, providing insight into how we view our home.”

Here is the message, according to the Institute, that you might be sending with your door of a different color:

Red – passion, vibrant and “full of life, energy and excitement”
Blue – sanctuary, calm, serenity, and relaxation
Green – health, safety, tranquility, and harmony
Black – power, sophistication, strength, and authority
Brown – warmth, stability and reliability (dark brown could signify desire for privacy or isolation)

If none of those colors work for you, also consider yellow (happiness, high energy), purple (dreamer, free spirit) or white (clean, organized). The best part is that if you try something and it just doesn’t work, changing the color is as easy as just painting over it.

Skip Napa. Visit Yakima Valley Instead!

Yakima Valley

Napa Valley sets the gold standard for wine regions in the U.S., with its farm-to table restaurants, award-winning wineries, and hotels so romantic you’ll swoon—but it’s not the only idyllic spot for a wine-tasting vacation. Washington’s Yakima Valley, the state’s oldest and largest wine region, has all the romantic trappings of Napa, but with a little less fuss and without the tour buses, traffic jams, and astronomical tasting fees that come with Napa’s popularity. Click here to read more…

Stud Space = Extra Storage

Are you limited by the lack of storage that comes with a small room? Fear not, you do have options! Between the studs that hold up your house and walls lies unused space that can be converted into built-in shelves or a storage nook.

Bookshelves — These could go in any room in place of shelving units.

Bathrooms — Keep clutter off your bathroom countertops by building in space for a few shelves to hold toiletries. Even recessing an area for your towels or bathrobe can make a small bathroom appear bigger.

Pantries — Take a look at unused wall space in your kitchen. Shallow shelves could be used to hold canned goods, spices or stemware. You could also use the recessed area to mount hooks and hang pots and pans.

Tip: Be sure to check for venting or wiring before starting this project.

Yay! Yakima has been named one of the top up-and-coming cities to visit!

Somewhere between quiet villages and metropolises that never sleep are these perfect up-and-coming American cities. With their revitalized downtowns, they’re savvy enough to brew smooth craft beers, land touring Broadway shows, and attract Food Network-caliber chefs. But they’ll welcome you with that unpretentious small-town warmth that automatically puts you at ease. Click here to learn more about 10 terrific little cities, from Chattanooga to Yakima, and plenty of reasons why each one is worth a visit.