| 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 continues it’s cool streak
Kirkland’s real estate continues it’s cool streak
This Week:
The median list price this week for Kirkland, WA this week is $699,000 is down from last week’s $699,495. The Market Action Index (see above MAI chart) has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Supply and Demand
The Kirkland market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already 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
Again this week we see a small spike upward for Kirkland real estate prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend. 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
Comments(2)