Juanita-Holmes Point real estate market holding steady while demand is picking up
This Week
The median list price this week for the Kirkland-Juanita area is $653,500 down from last week’s $695,000. Demand measured by the Market Action Index (see MAI chart below) is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
Asking price per square foot $268, median house size 2,484 sq.ft.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Price
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.
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
Related posts:
- Demand increasing for Bothell real estate, days on market holding steady
- Juanita-Holmes Point’s real estate inventory lightening demand heating
- Demand for Juanita-Holmes Point’s real estate increasing could change pricing
- West Bellevue’s real estate demand increasing, prices holding steady
- Demand for Lake Forest Park-Sheridan Beach real estate holding steady
