Juanita-Holmes Point real estate market displaying mostly bearish signs

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

kirkland market update                                                                                

                                             Juanita-Holmes Point real estate market displaying mostly bearish signs

 

This Week

The median list price this week for the Kirkland-Juanita area is $579,450 down from last week’s $612,500. The Market Action Index  (see MAI chart below) has been trending down lately, while  days-on-market is climbing, providing mostly bearish signs for the market.

Asking price per square foot $266, median house size 2,305 sq.ft.

 

Supply and Demand

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less.  We’re already seeing prices move lower as a result.  Expect this trend to continue especially if the index falls to the Buyer’s zone.  Watch for a persistent up-turn in the Market Action Index to signal prices rising again.

 

Price

Prices in the  Holmes Point area have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

 

 

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.

 

New home search in Seattle

 

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

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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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Washington King County Kirkland Holmes Point
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