West of Market Kirkland Washington Months of Inventory July 2014   One gauge that we use is called "Months of Inventory" which is a term we use that captures the absorption  rate in the market. That is,  what is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available? In January 2011 Months of Inventory for single-family residential homes in West of Market was one month of inventory which was to the advantage of sellers.  It held steady except in April 2012 with 12 months of inventory then again in July 2014 with 17 months of inventory which was in favor of buyers.   Overall for the last two years since January 2011 through July 2014 West of Market in Kirkland, Washington favors sellers. This probably isn't "news" to ma... 08/27/2014

West of Market Kirkland Washington Median Sale Price August 2014   West of Market in Kirkland Washington residential single-family home prices continue to rise. The median price in January 2014 was $1,307,825. So far through August 2014 to date it rose to $1,455,000 which is a 11% increase.         If you are thinking about buying OR selling real estate in Kirkland Washington... call Lana TODAY at (425) 290-3114 for a FREE market analysis.   As a property owner in Kirkland, Washington she knows the area well. Let her knowledge and experience work for YOU.* Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.   08/27/2014

West of Market Kirkland Washington Homes Sold in July 2014     During the month of July 2014 one single-family residential home in the West of Market area in Kirkland, Washington that was listed in the Northwest Multiple Listing Service (NWMLS) sold:   Address Community Listing Price Sold Price Bedrooms Bathrooms Square Feet               735 16th Ave W West of Market $1,489,000 $1,445,000 4 3.5 3,767                 There are currently 16 single-family residential homes for sale West of Market in Kirkland, Washington. They range in listing price from $568,368 to $5,399,000.     Whether buying or selling real estate in Kirkland Washington contact Lana for a FREE market analysis at (425) 290-3114.She is a property owner in Kirkland and knows the area and community well. * Source: Northwe... 08/27/2014

                                                                                                                                  Demand slipping for homes in the Juanita neighborhood  This Week The median list price this week for the Kirkland-Juanita area is $520,000 is down from last week’s $554,000.   The Market Action Index (MAI see below chart) has been trending down lately, while inventory is climbing.   These trends suggest a weakening market.    Supply and Demand The Juanita real estate 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 Market Action to signal pri... 08/26/2014

                                                       90-day stats for Single Family properties inKIRKLAND, WA as of August 15, 2014 Median List Price: $795,770 Average List Price: $1,055,059 Total Inventory: 205 Price per Square Foot: $295 Average Home Size: 2,807 Median Lot Size: 8,230 Average # Beds: 3.90 Average # Baths: 2.76 Homes Absorbed: 29 Newly Listed: 36 Days on Market: 73 Average Age: 28    Demand for Kirkland real estate shrinks as inventory climbs  Demand for Kirkland real estate shrinks as inventory climbs This Week: The median list price this week for Kirkland, WA this week is $699,000 is down from last week’s $750,000. The Market Action Index (MAI see below chart) has been trending down lately, while inventory is climbing.  These trends imply a weakening market. Supply... 08/26/2014

Kirkland Washington Active Listings Down 16% Pending Sales Up 40%   Kirkland real estate sales have increased over the last year from August 2013 til today in late August 2014. The latest statistics show that while active listings are down 16% pending sales are up 40%. This reflects strong home selling and home buying activity in the Kirkland Washington real estate market.  These statistics are for both single-family homes and for condominiums:         According to the Northwest Multiple Listing Service (NWMLS) there were 32 active listings for both single-family residential homes and condos in Kirkland so far this month August 2014. This does not include Kenmore or Juanita.     The number of pending homes sales for single-family residential homes and condos in Kirkland so far this mont... 08/23/2014

Kirkland Washington Condos Median Sale Price Kirkland Washington Condo prices continue to rise. The Kirkland Washington Condo median price in January 2014 was $262,000. So far through August 2014 to date it rose to $750,000.However a glimpse over the last nine years from February 2005 to July 2014 shows the bigger picture:                   Kirkland Washington Condo prices continue to rise. In February 2005 the median was $229,673. In July 2014 it was $499,000 which shows supply and demand are affecting housing prices. This is an increase of 117%. On the other hand Kirkland Washington single-family residential homes rose from $511,250 in February 2005 to $627,500 in July 2014 which is a 23% increase. If you are thinking about buying OR selling real estate in Kirkland Washington... conta... 08/22/2014

                                                                                                                                Housing demand could raise prices for seller’s in  Juanita neighborhoods This Week The median list price this week for the Kirkland-Juanita area is $554,000 is down from last week’s $565,000.   Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.   Supply and Demand In the last few weeks the Juanita real estate market has been at a stasis point in terms of sales to inventory.  However, prices seem to continue to fall a bit.  Technically supply levels indicate this is a Seller’s market so it is likely that the down... 08/18/2014

                                                       90-day stats for Single Family properties inKIRKLAND, WA as of August 8, 2014 Median List Price: $804,997 Average List Price: $1,070,673 Total Inventory: 198 Price per Square Foot: $296 Average Home Size: 2,830 Median Lot Size: 8,282 Average # Beds: 3.89 Average # Baths: 2.76 Homes Absorbed: 28 Newly Listed: 36 Days on Market: 74 Average Age: 28     Kirkland’s real estate displaying some positive trends This Week: The median list price this week for Kirkland, WA this week is $750,000 is down from last week’s $769,000.  Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market. Supply and Dem... 08/18/2014

                                                                                 Kirkland’s Juanita real estate market remains flat  This Week The median list price this week for the Kirkland-Juanita area is $565,000 is down from last week’s $595,000.   Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.   Supply and Demand The  Juanita area real estate 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 Market Action to sign... 08/13/2014

                                                         90-day stats for Single Family properties inKIRKLAND, WA as of August 8, 2014 Median List Price: $804,997 Average List Price: $1,070,673 Total Inventory: 198 Price per Square Foot: $296 Average Home Size: 2,830 Median Lot Size: 8,282 Average # Beds: 3.89 Average # Baths: 2.76 Homes Absorbed: 28 Newly Listed: 36 Days on Market: 74 Average Age: 28   Demand for Kirkland's real estate starting to coming back This Week: The median list price this week for Kirkland, WA this week is $769,000 is down from last week’s $779,900.  Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive. Supply and Demand The Kir... 08/13/2014

Seeking Buyers Agents in King County & Snohomish County Our team is looking for two buyers agents to join our team.   No desk fees. No transaction fees. No franchise fees with full-time managing broker support including phone calls, texts, and emails. Great commission split, working environment, and income potential.Must be highly motivated, energetic, and organized.   Interested?   Contact Lana for a private consultation at Lana at AlohaKaiRealEstate dot com 08/04/2014

                                                       90-day stats for Single Family properties inKIRKLAND, WA as of July 25, 2014 Median List Price: $821,195 Average List Price: $1,096,116 Total Inventory: 185 Price per Square Foot: $297 Average Home Size: 2,882 Median Lot Size: 8,393 Average # Beds: 3.88 Average # Baths: 2.77 Homes Absorbed: 27 Newly Listed: 33 Days on Market: 78 Average Age: 28   Kirkland’s real estate inventory increasing heading into August   This Week: The median list price this week for Kirkland, WA this week is $779,000 is down from last week’s $783,620.  The Market Action Index (MAI see below chart) has been down trending down recently, while inventory and days-on-market are climbing.  The trends imply a weakening market. Supply and Demand The Kirkland market... 08/04/2014

                                                                                                                          Demand increasing for  Kirkland’s Juanita area real  while prices slip  This Week The median list price this week for the Kirkland-Juanita area is $555,000 is down from last week’s $595,000.   Demand measured by the Market Action Index (MAI see below chart) is trending increasingand days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.   Supply and Demand The  Juanita real estate market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're alread seeing prices move lower as a result.  Expect this trend to continue especially if the index falls to the Buyer's ... 08/04/2014

The latest disciplinary actions by the Northwest Multiple Listing Service ® (NWMLS) may surprise you. The latest penalties include huge fines for pocket listings, soliciting sellers to cancel their listing, and failure to contact listing broker prior to contacting the seller to show.Some well-known companies in the area are on this list which may surprise some people. One well-known broker is on this list. It's very important to read the Rules and Regulations and follow them or else we will be severely penalized. To date I have never been disciplined for violating the NWMLS Rules and Regulations and I don't plan to ever be disciplined or penalized for violating them.Lately I have been re-reading them again. I am on page 18 of 33 pages. It's very important. 08/01/2014

                                                                                                                          Demand for Kirkland’s Juanita area real estate remains strong  This Week The median list price this week for the Kirkland-Juanita area is $595,000 is down from last week’s $630,000.   Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.   Supply and Demand In the last few weeks the  Juanita area real estate 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 for changes in the MAI.  If the market heats up, pri... 07/28/2014

                                                    Kirkland’s real estate waiting for some tailwinds    90-day stats for Single Family properties inKIRKLAND, WA as of July 25, 2014 Median List Price: $821,195 Average List Price: $1,096,116 Total Inventory: 185 Price per Square Foot: $297 Average Home Size: 2,882 Median Lot Size: 8,393 Average # Beds: 3.88 Average # Baths: 2.77 Homes Absorbed: 27 Newly Listed: 33 Days on Market: 78 Average Age: 28   This Week The median list price this week for Kirkland, WA this week is $783,620 is up from last week’s $782,725.  Demand measured by the  Market Action Index (MAI see below chart) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive. Supply and Demand The Kirkland market... 07/28/2014

                                                    Kirkland’s real estate waiting for some tailwinds    90-day stats for Single Family properties inKIRKLAND, WA as of July 18, 2014 Median List Price: $826,646 Average List Price: $1,100,104 Total Inventory: 179 Price per Square Foot: $297 Average Home Size: 2,900 Median Lot Size: 8,452 Average # Beds: 3.88 Average # Baths: 2.77 Homes Absorbed: 25 Newly Listed: 33 Days on Market: 80 Average Age: 28   This Week The median list price this week for Kirkland, WA this week is $782,725 down from last week’s $799,000.  Inventory and days-on-market are both trending higher recently.  However, the improving  Market Action Index (MAI see below chart) implies some increased demand will temper the negative trends. Supply and Demand The Kirkland mar... 07/21/2014

                                                                                                              Demand for Kirkland's Juanita real estate tempers negative trends  This Week The median list price this week for the Kirkland-Juanita area is $595,000 down from last week’s $630,000.  Inventory and days-on-market are both trending higher recently. However, the improving   Market Action Index (MAI see below chart) implies some increased demand will temper the negative trends.  Supply and Demand The Juanita real estate market has been cooling over time and prices have recently flattened.   Despite the consistent decrease in MAI, we’re in the Seller’s zone.  Watch for changes in the MAI.  If the MAI resumes it’s climb, prices will likely follow suit.  If the MAI drops consistently ... 07/21/2014

                                                                                   Prices in Kirkland’s Juanita area up slightly this week  This Week The median list price this week for the Kirkland-Juanita area is $630,000 up from last week’s $585,000.   The Market Action Index (MAI see below chart) has been trending down lately, while inventory and days-on-market are climbing.  The trends imply a weakening market.  Supply and Demand The Juanita real estate market has been cooling over time and prices have recently flattened.   Despite the consistent decrease in MAI, we’re in the Seller’s zone.  Watch for changes in the MAI.  If the MAI resumes it’s climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on price... 07/17/2014