Demand for Juanita-Holmes Point’s real estate could change pricing

                                                                     Demand for Juanita-Holmes Point’s real estate  could change pricing 

This Week

The median list price this week for the Kirkland-Juanita area is $475,000 is up from last week’s $474,974.   Inventory has been lightening lately and the Market Action Index has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

In the last few weeks, the Market Action has resume a climb.  Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum.  However, it is likely that given these conditions, prices will at least level off very soon.  If the increasing trend continues, expect that prices could shift higher quickly. 

Price

Prices in the Homes Point area have been  on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 

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