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Juanita-Holmes Point real estate market maybe softening a bit
                                                                                
Juanita-Holmes Point real estate market maybe softening a bit

 
This Week
The median list price this week for the Kirkland-Juanita area is $695,000 down from last week’s $742,498. 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.
Asking price per square foot $264, median house size 2,600 sq.ft.
 
Supply and Demand
The market has been cooling over time and prices have 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
Prices  in the Holmes Point area seem to have settled around a 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 ... more

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