Juanita-Holmes Point real estate market maybe softening a bit

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

kirkland market update                                                                                

Juanita-Holmes Point real estate market maybe softening a bit


This Week

The median list price this week for the Kirkland-Juanita area is $695,000 down from last week’s $742,498. The Market Action Index  (see MAI chart below) has been trending down lately, while inventory and days-on-market are climbing.  The trends imply a weakening market.

Asking price per square foot $264, median house size 2,600 sq.ft.


Supply and Demand

The market has been cooling over time and prices have plateaued for a while.  Despite the consistent decrease in MAI, we’re in the Seller’s zone.  Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 


Prices  in the Holmes Point area seem to have settled around a plateau.  Look for a persistent shift in the Market Action Index before we see prices deviate from these levels. 



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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