Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through September 25th, 2008

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on September 26, 2008 at 6:45 am

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

Active Listings:  23 (24)

New listings:  1  (0)

Re-listed properties: 0  (0)

Pending inspection:  0 (2) 

Pending:  1 (1)

Closed Sales: 2   (2)

Contingent sale:0  (0)

Number of Price Reductions:2 (2)

Cancelled listings 2  (1)

Expired Listings:1  (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market: 0 (0)

Rented: 0 (1)

———————————–

0-$349,999:   0 (1)

$350,000-$499,999: 4 (5)

$500,000-$749,999:    8 (8)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $735,007 ($730,275)

Median Price:   $699,000 ($694,475)

Average Days on Market: 111 (106)

Highest Priced Listing: $1,599,000 ($1,599,000)

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

The number of homes available in the Highlands continues to drop from the high of 29 homes for sale.  There are now 23 homes available in the neighborhood. None of the homes received offers that were mutually accepted, but one home has had its inspection contingency removed and is now pending.  Two home sales closed this week.  

$329,000 Original list price of $399,000, for a Forbes Creek Town home with 1530 square feet,three bedrooms and 2.25 baths.  It was on the market for 202 days and sold for 9% below the original asking price.

$935,000 Original list price of $999,000  for a remodeled home with a view and over 2000 square feet.  It was on the market for 35 days and sold for 7% below the asking price.

Town homes/condos:

4 active town home/condo listings

One listing was canceled and one home sold.

$374,950 for a Forbes Creek townhome of 1530 square feet and 2.25 baths. It sold in 58 days for 4% below the original asking price of $389,950.  It is similar to one of the single family closings above.  The location in the neighborhood, because of outlooks and road noise, and the condition of a home, can make a big difference in the sales price and market time.

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