Demand increasing for Kirkland’s Juanita area real while prices slip
This Week
The median list price this week for the Kirkland-Juanita area is $555,000 is down from last week’s $595,000. Demand measured by the Market Action Index (MAI see below chart) is trending increasingand days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
The Juanita real estate market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're alread 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
We continue to see prices in the Juanita notch downward. Pricing has been weak in recent weeks and versus their absoulute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as leading indicator for a trough in prices. 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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