Juanita-Holmes Point real estate market listing times increasing

                                             Juanita-Holmes Point real estate market listing times increasing 

This Week

The median list price this week for the Kirkland-Juanita area is $592,450 down from last week’s $659,950.  Inventory has been decreasing lately but the Market Action Index (see below MAI chart) is falling also.  With days-on-market climbing, these are relatively negative implications for the market.

Asking price per square foot $276, median house size 2,345 sq.ft.

Supply and Demand

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

We continue to see prices in the Holmes Point-Juanita area bouncing around this plateau.  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.

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