Arizona conjures up images of iconic natural wonders, painted deserts, and rushing rivers. Yuma, Arizona contains endless charms that make it a great city to live and work. Whether you’re planning to move to the area or looking for investment opportunities, the real estate forecast is good indeed. What does the future hold? Yuma Realty Professionals gives you the state of the Yuma real estate market.
Yuma: The Gateway City
Known as the “Gateway into Arizona”, Yuma began its life as Arizona City in 1871. The name officially changed to Yuma in 1873. Today, it is the third largest city in the state, behind Phoenix and Tucson. A haven for “snowbirds”, Yuma’s population nearly doubles from January through March.
No doubt, the amazing weather has to do with its popularity. Yuma holds the Guinness World Record as the sunniest city on Earth, according to VisitYuma.com. You can enjoy sunny skies 91 percent of the time.
Where in the World is Yuma?
Yuma is located in the southwest corner of Arizona, near the confluence of the Gila and Colorado Rivers. California is to the west and the border of Mexico is to the south.
If you ever have a desire to travel outside the city, it won’t take long to get somewhere interesting. Drive 178 miles northeast and you’ll hit Phoenix, while San Diego is 180 miles to the west. Within a 300-mile radius, you can also reach Tucson, Sedona, Las Vegas, Palm Springs, and Los Angeles.
Living and Enjoying Yuma
This corner of southwest Arizona offers an amazing lifestyle, whether you’re raising a family or enjoying the single life. In the city, you can enjoy the many charms of historic Downtown Yuma and the riverfront, a paved, multipurpose pathway that runs along the Colorado River.
Outdoor enthusiasts will never run out of adventures. Start with the Colorado River State Park and then explore the Southwest Arizona Refuges Complex, featuring the Kofa, Cibola, and Imperial nature refuges. Plus, you won’t want to miss the country’s largest mass of inland sand dunes, which stretch more than 40 miles along the border of California.
Yuma Real Estate Forecast
Real estate in Yuma, AZ has as bright a future as the perpetually blue sky.
Here are some stats on the Yuma real estate market according to Zillow.com:
- Median home value is $157,000
- Values are predicted to rise to $164,000 by 2020 (4.4 percent increase)
- Values have risen 7.4 percent in the past year
- Recent trends reveal a 6 percent year-over-year rise in median home sale prices
Yuma real estate trends are forecast to go up. Their data shows that home prices went up 6 percent last year, with appreciation climbing 21 percent over the last five years.
Buying Real Estate in Yuma
Yuma, AZ has much to offer for those looking to move to the area or find investment properties. The Yuma real estate market continues to look sunny and bright, with home values on the rise. If you’re interested in residential or commercial properties in southwest Arizona, Yuma Reality Professionals can help. Search our new home listings today and the give us a call at (928) 782-3509.