Debra Sinick

How Expensive Is It to Buy a Home in Kirkland, Washington?

In Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on July 24, 2008 at 6:30 pm

 

 Recently I was interviewed by Kendall Watson of The Kirkland Reporter about real estate and blogging.  We had a great conversation that lasted an hour because we digressed from the main topic, blogging, to everyone’s favorite topic, the state of real estate.  Everyone wants to know about real estate and everyone wants to know what I think when we talk.  (If I could get a nickel for every time someone asked me how the market was, I could retire tomorrow!)

 Everyone, including Kendall, wants to know:  

Are homes selling?

  Yes, but at a much slower rate than in the past.  However, in the month of June, the chances of selling a home increased from the previous months of 2008. 

 Is Kirkland an expensive place to buy in the Seattle area?  Yes and no.  There are many homes above a million dollars, but the majority of homes fall in the $500-750,000 range.

 

According to the Puget Sound Business Journal, Kirkland did not make it into the top ten wealthiest zip codes in the Puget Sound area.   This is not to say that it is inexpensive to live in Kirkland, but Kirkland is not the most expensive area on the eastside.

Are most homes over a million dollars?  No, there are 214 homes for sale above a million dollars.

Are there homes available for under $500,000?  Yes, there are 187 homes.

In what price range do you find most of the homes for sale?  Most of the homes for sale fall in the $500-750,000 price range.

What price range has the most sales?  This week home sales between $350-$499,999 are running neck and neck with home sales between $500-749,000.

Where are the more affordable homes?  As you move away from the downtown core and the waterfront, more reasonably priced homes can be found.

 Where are the most expensive homes?  Waterfront, hands down, West of Market, Houghton, and East of Market.

 Because Kirkland is an “older” city on the Eastside, there are pockets with varying price ranges all over the city. Smaller, older  homes can be surrounded by newer neighborhoods.

 

 Active Properties in Kirkland

0-349,999 =                             73

350,000 – 499,999 =        114

500,000 – 749,999=      151

750,000- 999,999=                  118

1,000,000 – 1,499,999=          105

1,500,000-2,999,999=   93

3,000,000+ =                 16

 

Pending Properties inKirkland

0-349,999 =                             5

350,000 – 499,999 =     28

500,000 – 749,999=      29

750,000- 999,999=                  19

1,000,000 – 1,499,999=          19

1,500,000-2,999,999=   11

3,000,000+ =                 1

 

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  1. […] 19, 2008 Recently, I wrote a post about home prices in Kirkland after I spoke with Kendall Watson at The Kirkland Reporter about Kirkland’s home prices. I […]

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