Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands through May 16th, 2008

In Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on May 17, 2008 at 2:47 pm

 (Numbers in parentheses are for last week’s data)

Active Listings:   27(29)

New listings:  0(1)

Re-listed properties: 1(2)

Sold subject to inspection:  2(0) 

Pending:  0(1)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:  3(1)

Cancelled listings 0(0)

Expired Listings: 0(0)

Temporarily Off Market:  1(0)

Price increase:  0(0)

Back on market: 0(0)


0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    7 (9)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:   5(4)

$1,500,000- $2,999,999:   3(4)
Average Price: $942,651 ($937,260)

Median Price:   $869,000($859,205)

Average Days on Market: 70(63)

Highest Priced Listing: $2,299,000 ($2,299,000)

Lowest Priced Listing: $424,900 ($399,950)

This week’s real estate buzz:

No new listings in the Highlands this week, however, there were two sales.  What’s nice to see is a new construction view property at the high end of prices in Kirkland’s Highlands selling this week.  The other home receiving an offer was the best priced home in the neighborhood in Forbes Creek with an asking price of $399,950.  The other piece of good news is the closed sale of the week sold for ABOVE full price at $10,000 above the asking price.  This home was well priced and showed beautifully.  Homes sell for over full price when there are two buyers wanting the home at the same time or the seller is paying the buyer’s closing costs and adds this cost to the sales price.

Have a wonderful weekend and enjoy the sun!

New listings:

(Homes new on the market this week)

None this week.

Homes sold subject to inspection:

(homes that received an offer, but still have to go through a buyer’s inspection)

$399,950 Forbes Creek town home 3 bedrooms, 2.5 baths.

$1,800,000 New Construction on 112th Ave with a view and 4300+ sq ft.

Pending sales:

(homes that have had the inspection resolved between the buyer and seller)

None this week.

Closed sales:

(Homes in which the ownership has changed hands and the new owner has moved in)

$879,000.   Sold in 28 days for 1.2% ABOVE the original asking price of $869,000.

Sold contingent:

(Home sales in which the buyer still needs to sell their home in order to buy the new home)

None this week.

Price reductions:

$498,850 down from $512,950 condo alternative with view.

$529,950 down from $550,000 Edwards Place remodeled two story.

$609,950 down from $674,950 Waterwheel Park two story with 2600+ sq ft.

Price increases:

None this week.

Expired listings:

(The contract to sell the home has expired)

None this week.

Cancelled listings:

(The seller has taken the home off the market)

None this week.

Temporarily off the market:

(The seller has taken the home temporarily off the market.

$629,000 daylight rambler with 2400+ sq ft.


Town homes/ condos:

7  homes currently on the market

New listing:

None this week.

Expired listings:

None this week.

Pending listings:

None this week.

Price reductions:

       None this week.

Closed sales:

$592,000 down from $599,950 Highland Pointe town home. Sold 5% below the original asking price of $629,950.  Sold in 216 days.



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