Prices in Kirkland’s Juanita area up slightly this week
This Week
The median list price this week for the Kirkland-Juanita area is $630,000 up from last week’s $585,000. The Market Action Index (MAI see below chart) has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The Juanita real estate market has been cooling over time and prices have recently flattened. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in the 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
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 leves. 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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