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.
Kirkland Highlands Real Estate Buzz
Kirkland Highlands Real Estate Buzz 