kirkland TOWNHOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 22% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 59% VS 2023
▲ 62% VS 2023
▲ 34% VS 2023
▲ 118% VS 2023
There were 47 townhome listings in Kirkland in November, 6% below October and 34% higher than November 2023. November townhome sales remained the same month-over-month, at 24, and were 118% above November 2023. The months of inventory for townhomes in Kirkland, at 2.0, reflected a sellers' market. The townhome median price in November was $1,492,500, a 30% increase from October and 62% above November 2023. The average sold price was $1,702,887, 27% above last month; the average PSF sale price was $812, up 22% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24 47
11 35
-38% 118% 34%
24 50
22% 27% 30% -6% 0% -6%
$812 $1,702,887 $1,492,500 2.0
$664 $1,072,636 $920,000 3.2
$664 $1,338,099 $1,147,500 2.1
22% 59% 62%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
61
44
50 50
47
38
44
53
33
35
38
31
30
26
25
30
23
29
29
24
27
40
24
23
19
12
16
11
2
$1.57M
$1.52M
$1.49M $1.56M
$1.49M
$1.35M
$1.27M $1.18M
$1.17M $1.28M
$1.16M
$1.15M
$920K
Nov-23
Oct-24
Nov-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.
14
4.0
4
4+ bdrms
3.5
12
13
10
11
8
3 bdrms
1.8
13
1.7
6
0.7
7
4
2 bdrms
0.3
20
2
0
2
<2 bdrms
<$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
1
3 2 0.7
2 0 n/a
0 4 n/a
3 12 4.0
4 14 3.5
5 9 1.8
3 5 1.7
4 1 0.3
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 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 December 9, 2024. 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. 32 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online