Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through May 30, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on May 31, 2008 at 8:40 am

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

Active Listings:   24(26)

New listings:  0(1)

Re-listed properties: 2 (1)

Sold subject to inspection:  1(1) 

Pending:  0(1)

Closed Sales:   0(1)

Contingent sale: 0(0)

Number of Price Reductions:  3(1)

Cancelled listings 1(1)

Expired Listings: 0(0)

Temporarily Off Market:  0(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:    5 (6)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:   4(5)

$1,500,000- $2,999,999:   3(3)
———————————–
Average Price: $949,486 ($957,792)

Median Price:   $869,475($869,475)

Average Days on Market: 72(67)

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

Lowest Priced Listing: $469,850 ($424,900)

This week’s real estate buzz:

The number of listings has dropped in the last couple of weeks, which is unusual for most of the Eastside neighborhoods.  The least expensive home in the neighborhood received an offer this week.  This week the most affordable home in the Highlands is priced at $469,850. Price reductions have happened in every price range, not just high end homes.  Conversely, sales have happened in every price range over the last few months as homes have continued to sell in the neighborhood.

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)

        $424,900 Edwards Place two story 2 bedrooms, 1.5 baths.

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)

None this week.

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:

$515,000 down from $550,000 Edwards Place two story 3 bedrooms, 2.5 baths.

$1,148,880 down from $1,249,950 Contemporary with lake view.

$1,688,000 down from $1,749,000 remodeled home with lake view.

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)

$1,499,000 Altezza home with lake view.

Temporarily off the market:

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

None this week.

___________________________________

Town homes/ condos:

9  homes currently on the market

New listing:

$639,900 Kirkland Highpointe 3 bedroom, 2.5 bath remodeled kitchen.

Expired listings:

None this week.

Pending listings:

None this week.

Price reductions:

$515,000 down from $529,000 condo alternative in Edwards Place (listed as a single family and a town home)

       $699,900 down from $715,000 Highland Creek town home with a view.

$639,950 down from $689,900 large town home 2558 sq ft.

 Closed sales:

      None this week.

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