NEWSLETTERS
JULY 2022
The June stats are out and we aren’t too disappointed. Yes, the market has shifted, but its not all bad news. Interest rates have risen and stock portfolios have been hit hard, but the local real estate market is still robust and inventory numbers are still in seller’s favor.
JUNE 2022
May numbers continue to support that the market is shifting. In April 2022 we began to see a decline in median price and increase in inventory. In May, active inventory grew by 403% from February 28th to May 31st.
MAY 2022
April stats indicate a changing market as the buyer affordability index indicates that we are at a peak.
The median sold price has flattened out to $1,722,500 from $1,700,000 in March. In January the median price was $1,515,500 so still up significantly.
APRIL 2022
March was a great month overall with 82% of listings selling for a median of 21% above list price. Prices shot in rapidly in the last quarter and are now facing headwinds from rising interest rates and stock market woes.
MARCH 2022
Last month I made a prediction based on my real time, “boots-on-the-ground” experience of the bidding wars we were experiencing. The homes that went pending in January closed in February and the stats are out.
FEBRUARY 2022
What an incredible start to the year. I’m sure by now you all have heard about the frenzy that kicked the year off. Between the tight inventory and the Fed raising interest rates, buyers in need
JANUARY 2022
Happy New Year! December stats reflected the highest median price of $1,529,500 on the Eastside, which is a 7% increase from the month prior. That’s just staggering!
DECEMBER 2021
November stats are staggering.
The 10 year average shows that we typically have about 1000 homes for buyers to choose from in November.
NOVEMBER 2021
October stats show a further decrease inventory and thus a decrease in pending sales. Days on market remain low and sales above asking remain similar to last month, however the median price remained stable since last month.
OCTOBER 2021
September statistics show more of the same, although all three figures show the “minor relief” for buyers that was predicted in May 2021.
Median closed sales price vs $1,310,000 up 26% year over year vs
August $1,300,000 up 24%
July $1,330,563 up 32%
June $1,364,000 up 40%
70% of homes sold for over list price.
SEPTEMBER 2021
As predicted, August statistics show some relief for buyers. The median price for homes on the Eastside has been relatively flat since March (ranging from $1,298,475 to $1,364,000) and is expected to continue through the end of the year.
AUGUST 2021
Summer is almost over and that means kids are going back to school soon. As usual, there is a strong push for buyers to get into new homes and register for the school year.
APRIL 2021
As much as I want to share the stats of recent sales and tell you how busy we’ve been and the bidding wars we’ve encountered. I would much rather answer the question that I keep hearing over and over. “Is this market sustainable? Are we in a bubble? Is the market going to crash?”
MAY 2021
Finally, the sun returns this week, and you know what that means for downtown Kirkland, busy, busy, busy. We always say, Kirkland is a “solar-powered community” and, let’s be honest, no other city shines as bright as Kirkland on a sunny day.
JULY 2021
If you’ve been following along on my social media you can see, the market is hot! Two new listings this week and they’re booked solid with showings this weekend and slated for offer reviews on Monday.
JUNE 2021
The May stats are out and they are staggering! It may not surprise you that we are still in dire need of inventory, which is causing prices to rise dramatically.