kirkland CONDO - JUNE 2 0 2 4
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 20% VS 2023
▲ 50% VS 2023
▼ 17% VS 2023
There were 33 condo listings in Kirkland in June, 14% above May and 50% higher than June 2023.
June condo sales increased by 19% month-over-month, to 19, and were 17% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Kirkland, at 1.7, re'ected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19 33
23 22
-11% 11% 20% 82% -17% 50%
16 29
-13% -10% -32% -4% 19% 14%
The condo median price in June was $600,000, a 32% decrease from May and 20% above June 2023. The average sold price was $947,952, 10% below last month; the average PSF sale price was $695, down 13% to last month.
$695 $947,952 $600,000 1.7
$779 $852,865 $500,000 1.0
$800 $1,056,229 $882,500 1.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
33
29
33
24
23
22
22
22
22
21
22
18
17
19
16
16
20
18
16
11
23
14
14
13
12
11
9
2
$883K
$869K
$858K
$785K
$728K
$703K
$620K
$600K
$585K
$575K
$540K
$500K
$356K
Jun-23
May-24
Jun-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.
16
9.0
14
4+ bdrms
12
10
2
3 bdrms
8
1
6
2.0
12
1.7
1.5
1.5
4
2 bdrms
21
0.3
2
0
5
<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 9 15 1.7 2 3 1.5 1 9 9.0 1 2 2.0 3 1 0.3 2 3 1.5 1 0 n/a
11
Information and statistics derived from Northwest Multiple Listing Service. Copyright © July 8, 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 July 8, 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. 33 ●
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