|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 prices up despite some headwinds
The median list price this week for Kirkland, WA this week is $819,950 is up from last week’s $789,900. Inventory has been decreasing lately but the Market Action Index (see above MAI chart) is falling also. With days-on-market climbing, these are relatively negative implications for the market.
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
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