Market Mondays: Kirkland

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Happy Monday everyone! The Holidays are over, football season has ended and the post Super Bowl depression has started to lift…that means people are getting back into thinking about real estate!

This week, we are taking a quick look at the current market in Kirkland, Washington.  If you want to see what is happening in your immediate neighborhood, download my app at http://jlsapp.com/rachelwagner , this will show you all the active listings in your area as well as pending and sold! It’s a great resource to have at your fingertips and I use it personally daily and clients also love it! If you want more information on a property, you can request it on the spot and I will get back to you immediately.

Currently, there are 105 active listings in Kirkland, ranging from $234,000-3.4 million with a median list price of $900,000.  In the last 90 days, there have been 116 residential/condominium sales ranging from $220,000-3.12 million, with the median sale price of $860,000.  The graph below shows months of inventory based on closed sales.  Currently, we are in what is considered a “sellers market” with 1.8 months supply of inventory, up slightly from the end of December and similar to the numbers seen in January.  As we move into the Spring months, this may fluctuate slightly with the increase of inventory.  With historically low interest rates, however, it’s a great time to purchase a home in any area…Kirkland being one of the hottest markets in the greater Seattle area.

The home below is listed for $489,500 on 112th st in Kirkland, Washington and is a perfect home for first time home buyers on a large lot, beautifully updated and located near the Kirkland Corridor trail, elementary school, gym and within walking distance from Juanita beach park and shopping.  Call/text 425.324.0302 if you are interested in more information.

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