The condominium market in Kirkland, WA continues to be competitive, mirroring the dynamics seen in many parts of the country. Last month, the median sale price of homes in the area stood at $1.1M, marking a decline of 6.4% compared to the previous year. Similarly, the price per square foot reflects this trend with a median value of $605, a drop of 2.6% year-over-year. Despite the adjustments in pricing, the demand remains high; properties in Kirkland attract an average of three offers and typically conclude sales within just 8 days.
For those intrigued by the prospect of entering the Kirkland condo market, whether as buyers or sellers, the region offers a plethora of listings provided by various real estate agencies. These listings are comprehensive, showcasing detailed insights about the properties, encompassing vivid photographs, pricing, and essential information about the surrounding neighborhoods. It's advisable to explore multiple sources to get a complete understanding of the current market dynamics and available opportunities.
Condos in Kirkland typically range from $400,000 to over $1 million, depending on factors like size, location, and amenities. Luxury or waterfront condos can be priced significantly higher, especially in desirable areas like downtown.
Kirkland offers several great neighborhoods for condo buyers. Downtown Kirkland is ideal for those who want to be close to shops, restaurants, and the waterfront. The Totem Lake area is a growing community with modern amenities, while Houghton offers a more peaceful environment near the lake. For quieter, more suburban living, Bridle Trails is an attractive option.
Most condos in Kirkland come with a variety of amenities, such as fitness centers, community rooms, parking garages, and pools. Many buildings are pet-friendly and offer storage units or private balconies, depending on the complex.
HOA fees typically range from $250 to $800 per month, depending on the size of the condo and the amenities offered. These fees generally cover common area maintenance, landscaping, trash removal, and in some cases, utilities.
Yes, Kirkland is a strong real estate market, with property values showing steady appreciation. Its mix of urban and suburban living, combined with its proximity to major tech hubs like Microsoft and Google, makes it an attractive option for long-term investment.
Kirkland has a mild, temperate climate. Winters are wet and cool, with average highs between 40°F and 50°F. Summers are dry and pleasant, with temperatures reaching the mid-70s. While rainfall is common from November to March, the summer months typically see more sunshine.
Many condos in Kirkland allow rentals, but there may be restrictions based on the building’s HOA rules. Some buildings require a minimum rental period or a background check for tenants. Be sure to review the condo’s rental policies before purchasing if renting is part of your plan.
91,614 people live in Kirkland, where the median age is 38.2 and the average individual income is $88,015. Data provided by the U.S. Census Bureau.
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Kirkland has 38,111 households, with an average household size of 2.37. Data provided by the U.S. Census Bureau. Here’s what the people living in Kirkland do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 91,614 people call Kirkland home. The population density is 5,145.1 and the largest age group is Data provided by the U.S. Census Bureau.
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Jeff Reynolds is a distinguished real estate broker affiliated with Compass Seattle and the visionary behind UrbanCondoSpaces, the premier condo team specializing in Kirkland, Bellevue, and Seattle. UrbanCondoSpaces (UCS) is not just a team; it's a specialized blog dedicated to the intricacies of urban living. With over 18 years of expertise navigating the condo markets in Seattle, Kirkland, and Bellevue, Jeff has successfully guided numerous individuals through condo transactions. His unparalleled knowledge and unwavering commitment to clients position him as the go-to expert for condo transactions. Whether you are considering a stylish condo in Bellevue or looking to sell in Kirkland or Seattle, connect with Jeff Reynolds to ensure optimal results for your real estate endeavors.
