Debra Sinick

Weekly Real Buzz in The Kirkland Highlands Through October 2, 2008

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on October 3, 2008 at 5:37 pm

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

Active Listings:  25 (23)

New listings:  1  (1)

Re-listed properties: 0  (0)

Pending inspection:  0 (0) 

Pending:  0 (1)

Closed Sales: 2   (2)

Contingent sale:0  (0)

Number of Price Reductions:2 (2)

Cancelled listings 1  (2)

Expired Listings:0  (1)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market: 0 (0)

Rented: 0 (0)

———————————–

0-$349,999:   1 (1)

$350,000-$499,999: 5 (4)

$500,000-$749,999:    7 (8)

$750,000-$999,999:  10 (9)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $724,804 ($735,007)

Median Price:   $699,000 ($699,000)

Average Days on Market: 86 (111)

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

Lowest Priced Listing: $345,000 ($399,950)

The number of homes available in the Highlands increased slightly to 25 homes. There were no offers that were mutually accepted this past week. Two home sales closed this week.  

$420,000 Original list price of $475,000 and final list price of $450,000 for an Edwards Place two story home with 1610 square feet, three bedrooms and 2.25 baths.  It was on the market for 183 days and sold for 6 % below the original asking price.

$437,500 Original list price of $448,000 for an Edwards Place home with 5 bedrooms, 2.75 baths and over 2000 square feet.  It was on the market for 25 days and sold for 3 % below the asking price.

Town homes/condos:

4 active town home/condo listings

2 town homes were reduced.

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