|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 is starting to turn around
The median list price this week for Kirkland, WA this week is $672,475 is down from last week’s $699,000. Inventory has been lightening lately and the Market Action Index (see above MAI chart) has been trending up. Though days-on-market is increasing, these are mildly positive indications of the market.
In the last few weeks the Kirkland market has been at stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
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