Demand and prices for Kirkland real estate trending higher

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

 

 

              Demand and prices for Kirkland real estate trending higher

This Week:

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.

New home search in SeattleSupply and Demand

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.

Price

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

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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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