Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through July 10, 2008

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on July 10, 2008 at 11:22 pm

(Numbers in parentheses are for last week’s data.  This week’s data is reported through Thursday.)

Active Listings:  22 (29)

New listings:  5(2)

Re-listed properties:  1(0)

Pending inspection: 2 (0) 

Pending:  0(0)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:1 (3)

Cancelled listings 1(0)

Expired Listings: 1(0)

Temporarily Off Market:  0(0)

Price increase:  0(0)

Back on market: 0 (1)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:  5 (5)

$500,000-$749,999:    4 (6)

$750,000-$999,999:  7 (9)

$1,000,000- $1,499,999:  3 (5)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $847,983 ($921,364)

Median Price:   $869,000($869,000)

Average Days on Market: 82(88)

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

Lowest Priced Listing: $362,500 ($399,500)

The closed sale of the week was $450,000 down from $489,000, about 8% below the asking price, market time of 192 days.

_____________________________________________

Town homes/condos:

4 Active,  with one town home re-listed on the market.

1 expired listing

2 price reductions

One closed sale, the “bungalow” on NE 87th sold for $479,000 down from the original list price of $549,000, 13% below the original asking price.

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