Kirkland’s real estate  market is starting to turn around 

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

Kirkland real estate trends                                                     

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 

This Week:

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.

New home search in SeattleSupply and Demand

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.

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

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

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