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Juanita & Woodinville Market Report

The area including Juanita (now part of Kirkland), Woodinville, and Redmond north of 116th Street reaches from the eastern shore of Lake Washington to the eastern edge of King County. In addition to the aforementioned towns, there are lakefront communities (Arrowhead and Holmes Point), golf communities (Bear Creek and Trilogy), and wine country estates (e.g., Hollywood Hill). Woodinville and Inglemoor High Schools in the Northshore School District are both rated top public high schools by U.S.News & World Report.
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Juanita’s annexation to Kirkland in 2011 makes the latter the 13th largest city in Washington State today. Woodinville’s much smaller population of 11,240 grew by 2.8 percent from 2010 through 2015. Kirkland’s post-annexation housing stock is 56.3 percent SFRs, which comprise 60 percent of Woodinville’s housing mix. The monthly supply in this area has been consistently seller-favorable for the past three years. The duration of inventory averaged 45 days in 2015, 61 days in 2014, and 49 days in 2013. Over the past 24 months, the median sale price in Juanita/Woodinville has not advanced in pace with that of King County. Yet the local price did rise 7.9 percent from 2014 and remains 9.2 percent higher than the countywide median. The sales-to-list price trend indicates that deviation from prices offered in Juanita/Woodinville and those in the county at large varied only slightly and occasionally.

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