kirkland CONDO - MARCH 2 0 2 4
MONTHS OF INVENTORY 0.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 17% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 9% VS 2023
▲ 75% VS 2023
▼ 21% VS 2023
There were 11 condo listings in Kirkland in March, 8% below February and 21% lower than March 2023.
March condo sales increased by 31% month-over-month, to 21, and were 75% above March 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No.
% Change
The months of inventory for condos in Kirkland, at 0.5, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21 11
12 14
17% 11% 9% -55% 75% -21%
16 12
-23% -39% -33% -30% 31% -8%
The condo median price in March was $585,000, a 33% decrease from February and 9% above March 2023. The average sold price was $779,021, 39% below last month; the average PSF sale price was $686, down 23% to last month.
$686 $779,021 $585,000 0.5
$586 $702,217 $534,975 1.17
$888 $1,270,038 $868,750 0.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
23
24
35
35
22
22
22
21
20
22
22
18
17
30
19
16
16
18
12 14
14
14
11
13
11
12
9
8
2
$869K
$858K
$785K
$728K
$703K
$618K
$585K
$578K
$575K
$535K
$540K
$500K
$356K
Mar-23
Feb-24
Mar-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
12
2.0
4+ bdrms
10
8
1.0
3 bdrms
2
6
0.3
0.2
4
16
2 bdrms
8
2
0
5
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 12 2 0.2 4 1 0.3 3 3 1.0 0 1 n/a 0 2 n/a 1 0 n/a 1 2 2.0
<2 bdrms
1
Copyright © April 10, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of April 10, 2024. All data from Northwest Multiple Listing Service & rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3 2 ●
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