Current Real Estate Market Stats in Kirkland, Wa

The real estate market in Kirkland, WA is experiencing some exciting changes. Whether you're a buyer, a seller, or simply someone interested in real estate news, there's a lot to learn about what's happening in this area.

Buyers in Kirkland are facing a competitive market right now. Currently the price per square foot in the 98033 zip code is hovering around $500. It's important for buyers to be prepared for bidding wars and high demand. However, it's not all bad news. Mortgage interest rates are currently low, which means that buyers can get more house for their money. With the median sales price in 98033 currently sitting around $1.2 million, it's important for buyers to be financially savvy and work with a knowledgeable real estate agent.

For sellers in Kirkland, the current market is quite favorable. With a median sales price of $1.2 million, sellers can expect to receive a healthy return on their investment. However, it's important to note that this doesn't mean that sellers can be complacent. The market is still competitive, and sellers need to work with their real estate agents to make sure that their properties are priced and marketed effectively.

In real estate news, Kirkland is experiencing a surge of new construction. Developers are building everything from high-end condos to affordable housing, which is great news for buyers who are struggling to find properties in a tight market. Additionally, the city of Kirkland is investing in infrastructure projects like a new pedestrian bridge, which will make the area even more attractive to homebuyers and investors.

Overall, it's an exciting time to be involved in the Kirkland real estate market. Whether you're a buyer or a seller, it's important to work with a knowledgeable agent who can guide you through the process and help you make the most of your investment. With current interest rates low and new developments on the horizon, it's a great time to take advantage of what this beautiful area has to offer.