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Kirkland & Bridle Trails Market Report

Kirkland is an affluent community well-situated on the eastern shore of Lake Washington. Google has a development office here. The local public International Community School was ranked second in the state and 30th in the nation in 2015; and other schools in Kirkland, including Eastside Preparatory School, are SEVP-certified. Kirkland grew substantially in 2011 by annexing the adjacent communities of Finn Hill, Juanita, and Kingsgate to absorb nearly seven square miles, 12,541 housing units, and about 32,000 new residents.

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Like other Eastside areas to its east and south, Kirkland/Bridle Trails has seen an unbroken seller’s market for the past three years. The duration of supply averaged 43 days in 2015, 57 days in 2014, and 56 days in 2013. Prices in this distinctive and evolving community have been volatile, but in 2015 the median was exactly 50 percent higher than the median sale price for King County at-large. The year-over-year rate of increase has held steady at about 11 percent annually. Sales price deviation from list price, although irregular, has not strayed far from the seller’s asking price.

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