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Demand for Kirkland's real estate starting to coming back

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

Kirkland real estate trends                                                     

 

90-day stats for Single Family properties in
KIRKLAND, WA as of August 8, 2014
Median List Price: $804,997 Average List Price: $1,070,673
Total Inventory: 198 Price per Square Foot: $296
Average Home Size: 2,830 Median Lot Size: 8,282
Average # Beds: 3.89 Average # Baths: 2.76
Homes Absorbed: 28 Newly Listed: 36
Days on Market: 74 Average Age: 28

 

Demand for Kirkland's real estate starting to coming back

This Week:

The median list price this week for Kirkland, WA this week is $769,000 is down from last week’s $779,900.  Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive.

Supply and Demand

The Kirkland market has been cooling off a bit in recent weeks, as more homes are available and demand is less.  We’re already seeing prices move lower as a result.  Expect this trend to continue especially if the index falls to the Buyer’s zone.  Watch for a persistent up-turn in Market Action to signal prices rising again.

Price

The Kirkland’s real estate market has been on a downward trend recently and this week, essentially flat, doesn’t break us out of that cycle.    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 Kirkland Junaita home search

 
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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Hi Adrian, Kirkland's market looks like it is a fairly expensive one to me and thanks for the market report. 

Aug 13, 2014 04:39 AM