|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|
Demand and prices for Kirkland real estate trending higher
The median list price this week for Kirkland, WA this week is $789,900 is up from last week’s $668,500. 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 for the market.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
The market appears to be hovering around these current levels, though prices moved up a bit this week. the Market Action Index is a good leading indicator for the durability of this shift.
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