Bothell Wa. vs Kirkland Real Estate Market

Both prices and inventory continued their upward trajectory, in Kirkland, causing some cautious optimism from the real estate community. Bothell saw its inventory levels trending slightly upward since mid-March have seen them level off around the first of May, and in the last week we've noticed a slight trending downward. Bothell prices have remained flat for the same period of time.

Traditional we expect this time of year to be the busy “spring-summer’ market and we have been watching the 7-day averages trend upward In Kirkland trend upward for several months. This could be a sign that buyers that have been on the sideline and want to take advantage of low interest rates are starting to come forward and sellers are recognizing this are also coming back to take advantage of what looks like a good selling opportunity.

Bothell’s 7-day inventory level just started trending downward while prices have remained flat. This could be the sign buyers are looking for to get off the fence and lock in a purchase and low interest rate.

Bothell has a wide selection of new homes available, where you might find some builders willing to reduce prices on homes that have been standing awhile, if interest rates start to move upward we might see a more buyers jump in and lock something up.

It still hard to tell what the rest of the spring and summer market looks like mainly due to the unemployment rates and not knowing effects of the banks shadow inventory remain a large concern to the overall housing community.

For more information about buying or selling in Bothell contact Adrian Willanger 206 909-7536