| 90-day stats for Single Family properties in KIRKLAND, WA as of September 19, 2014 | |||
|---|---|---|---|
| Median List Price: | $753,084 | Average List Price: | $980,869 |
| Total Inventory: | 239 | Price per Square Foot: | $291 |
| Average Home Size: | 2,688 | Median Lot Size: | 10,967 |
| Average # Beds: | 3.89 | Average # Baths: | 2.70 |
| Homes Absorbed: | 30 | Newly Listed: | 37 |
| Days on Market: | 72 | Average Age: | 29 |
Kirkland’s real estate market may finally be cooling
The median list price this week for Kirkland, WA this week is $780,000 down from last week’s $825,500. The Market Action Index (see MAI chart below) has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Price
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
This report is brought to you by Adrian Willanger at Coldwell Banker Danforth. For a free market evaluation of your home’s value call or email me at 206 909-7536 – Adrian@adrianwillanger.com
Price
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
This report is brought to you by Adrian Willanger at Coldwell Banker Danforth. For a free market evaluation of your home’s value call or email me at 206 909-7536 – Adrian@adrianwillanger.com
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