Demand for Kirkland’s Juanita area real estate remains strong
This Week
The median list price this week for the Kirkland-Juanita area is $595,000 is down from last week’s $630,000. Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
In the last few weeks the Juanita area real estate market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch for changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Price
We continue to see prices in the Juanita area bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. This Juanita real estate update is brought to you you by Adrian Willanger of Coldwell Banker Danforth. If you are considering selling your home I would be happy to assist you. Give me a call for a free market evaluation of your home’s value. I can be reached at 206 909-7536 or by email atAdrian@adrianwillanger.com >
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