Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through February 5th, 2009

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, Weekly market update on February 6, 2009 at 10:22 am

The real estate statistics below reflect the real estate activity in The Kirkland Highlands for the past week and all data is taken from the NWMLS through Thursday morning each week.

The map shows most of the outline of Kirkland’s Highlands neighborhood.  The map address is simply for a street corner in the middle of the Kirkland Highlands.   For those  not familiar with the neighborhood, it’s a pocket of unique homes close to downtown Kirkland.  In some ways it feels like an island because it’s separated on the east by 405, the south by Central Way (the main route to downtown) and the west and north by the BNSF railroad tracks.  The neighborhood has the best of both worlds, a little isolation without any through traffic, but just seconds from everything.

Active Listings: 23 (24)

New listings:    0 (0)

Re-listed properties:   1 (0)

Pending inspection:   0 (0)

Pending:   1 (0)

Closed Sales:    0 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 5 (2)

Canceled listings  0 (1)

Expired Listings: 0 (0)

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  (1)

$350,000-$499,999: 8 (7)

$500,000-$749,999: 5 (6)

$750,000-$999,999:  7 (8)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $700,330 ($708,640)

Median Price:   $669,000 ($697,000)

Average Days on Market: 159 (159)

Highest Priced Listing: $1,850,000 ($1,850,000)

Lowest Priced Listing: $299,950 ($299,950)

Townhomes/condos

1 Active town home listed

This week has news about the increased tax credit for home buyers.  The Senate agreed to a $15000 tax credit, possibly for  home buyers.  This is big news and, hopefully, will get buyers off the fence.  We still need to wait for the full stimulus package to be passed and then we’ll see.

I’ve read different articles about whether the tax credit applies to all buyers or just first time buyers.  The majority of the articles I’ve seen have said the tax credit applies to all buyers, but I still see mixed reports about this in the media.

Here’s a link to an article in The Wall Street Journal on line.  Most of the readers were thinking favorably about the home buyer tax credit. It may encourage them to go out to buy a home.

What do you think about the tax credit?



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: