Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through December 18th

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers, Weekly market update on December 18, 2008 at 8:31 pm

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

Active Listings: 27 (27)

New listings:    0 (1)

Re-listed properties:   0 (0)

Pending inspection:   1 (0)

Pending:   0 (0)

Closed Sales:    1 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 1 (2)

Canceled listings  0 (1)

Expired Listings: 0 (1)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999:  1  (2)

$350,000-$499,999: 5 (5)

$500,000-$749,999: 9 (9)

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $7733,944 ($720,377)

Median Price:   $699,000 ($687,000)

Average Days on Market: 139 (131)

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

Lowest Priced Listing: $324,950 ($305,000)

Last week’s  least expensive home in The Kirkland Highlands received an offer.  This home was priced at $305,000.  The closed sale of the week is for new construction, which sold for $925,000, the asking price.  The home is 3700 square feet which at $925,000, was a value, given the asking price for other Kirkland homes of similar size and age.

Selling a home in today’s market is a job for which only serious sellers need apply.  Serious sellers are those willing to meet the market pricing.  As harsh as that sounds, it’s the reality of the marketplace.    If you’ve owned your home for a number of years and wish to make a move, it’s a fabulous time to make a move up or down.  As a seller, flexibility in pricing and a well presented home is the key.  As a buyer, you can go for it and demand what you want.

I attended  a workshop a couple of weeks ago at The Bravern in downtown Bellevue conducted by Dr. Michael Palmer from The Leed School of Business at The University of Colorado.  His take was that nothing would change for the better with the economy until at least the summer of 2009, although it could be 18 months.  If you click on the link above, you can follow Dr. Palmer’s presentation.   Will lower interest rates and a new administration change things?  There is hope that will help to do the trick.  But consumer confidence must be restored to make things work with the economy in general.

Townhomes/condos

1 Active town home listed


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