Juanita-Holmes Point real estate inventory increasing

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

kirkland market update                                                                                

                                                                   Juanita-Holmes Point real estate inventory increasing 

 

This Week

The median list price this week for the Kirkland-Juanita area is $509,000 is up from last week’s $499,975.   The Market Action Index (MAI see below chart) has been trending down lately, while inventory and days-n-market are climbing.  The trends imply a weakening market.

Supply and Demand

The Juanita-Holmes Point 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 in the Juanita – Holmes Point we see a downward notch for prices.  Pricing has been weak in recent weeks and versus their absolute-high level.  At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices. area we see a downward notch for prices.  Pricing has been weak in recent weeks and versus their absolute-high level.  At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

 

 

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

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Washington King County Kirkland Juanita
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