Juanita-Holmes Point real estate market remains positive
The median list price this week for the Kirkland-Juanita area is $599,900 down from last week’s $661,450. Demand measured by the Market Action Index (see MAI chart below) is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Asking price per square foot $266, median house size 2,420 sq.ft.
Supply and Demand
The market has been cooling over time and prices have recently flattened. Despite the consistent decreasing in Market Action Index (MAI), we’re in a Seller’s Market. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Recently prices in the Holmes Point area have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices move 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