Juanita-Holmes Point real estate market trends point to a near-term Seller’s market

           Juanita-Holmes Point real estate market trends point to a near-term  Seller’s market 

This Week

The median list price this week for the Kirkland-Juanita area is $661,450 up from last week’s $653,500. The Market Action Index  (see MAI chart below) has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

Asking price per square foot $265, median house size 2,574 sq.ft.

Supply and Demand

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau.  We’re  currently in a Seller’s market so prices will likely resume their climb should this trend persist. 

Price

In the last few weeks we’ve seen prices in the Holmes Point area bouncing around this plateau.   Look for a persistent down-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