Debra Sinick

A Review of Kirkland, Washington’s 2008 Real Estate

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on January 15, 2009 at 2:38 pm

The start of 2008:

January          385 homes for sale    38 sales     9.8% chance of selling.

The end of 2008:

December     387 homes for sale,    22 sales,  6% chance of selling.

Best month to sell a home:

June                491 homes for sale     81 sales    16.6% chance of selling.

Worst months to sell a home:

October          495  homes for sale  47 sales       5% chance of selling

November      457 homes for sale  21 sales        5% chance of selling

Month with most number of homes for sale:

July,  508

Month with least number of homes for sale:

January, 385

Month with most number of sales:

June,  81

Month with least number of sales:

November, 21

____________________________________________

A look at the last two months of real estate statistics in Kirkland:

Sellers had a 6% chance of selling a home in Kirkland in December, 2008.

(Click on the link above to see a chart with Kirkland’s real estate trends for the last few years.  The chart shows trends for Kirkland, south of NE 116th St.)

December, 2008     387 homes for sale,    22 sales,  6% chance of selling.

November, 2008   457   homes for sale,   21 sales,  5% chance of selling,

December, 2007    332   homes for sale,   34    sales,  10% chance of selling.

Sellers had a 5% chance of selling a home in Kirkland in November, 2008.

(Click on the link above to see a chart with Kirkland’s real estate trends for the last few years.  The chart shows trends for Kirkland, south of NE 116th St.)

November, 2008    457   homes for sale,   21 sales,  5% chance of selling,

October 2008          495    homes for sale,  28 sales,  5% chance of selling.

November, 2007    405   homes for sale,   44    sales,  11% chance of selling.

November was the toughest month to sell in Kirkland because the the absorption rate was the lowest and the least number of homes, 21, sold.

For a complete update on Eastside real estate, check out my eastside blog post.

Am I worried about Kirkland real estate and eastside real estate in general?  No, I’m not.  I’m a realist when it comes to the market.  There may be some differences with company layoffs and slowdowns such as possible with both Microsoft and Google, but the market will come back, it’s a question of when.  For now, I’ll repeat what I wrote a few months back:

If you’re thinking of making a move now, be prepared to be extremely competitive, in top-notch condition, and the best priced home in its “class.”  Homes are selling, but only those which stand out head and shoulders above the competition.  If you don’t need to move or this scenario is not comfortable for you, then wait until the market changes, and it will.  However, if you’re going to sell because you want to downsize or look for a larger home, then it may make sense to consider a move.  I have clients right now who are doing this very thing.  They were being incredibly “accommodating” in the sales price of their home, but plan to make up for it on the home they are buying by getting that home at a killer price.

For a full picture of 2008 Seattle/Eastside real estate, check out my post on Eastside real estate buzz.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: