Juanita-Holmes Point real estate market remains mildly positive

                                   Juanita-Holmes Point real estate market remains mildly positive

This Week

The median list price this week for the Kirkland-Juanita area is $659,000 down from last week’s $693,000. Demand measured by the Market Action Index (see MAI chart below) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive.

Asking price per square foot $271, median house size 2550 sq.ft. 

Supply and Demand

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. 

Price

In the last few weeks we’ve seen prices in the Holmes Point area bounce around this plateau.  Look for a persistent shift in the Market Action Index before we see prices deviate 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