Debra Sinick

What Were The Chances of Selling your Kirkland Home in January, 2009?

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on February 19, 2009 at 3:08 pm

Sellers had an 11% chance of selling a home in Kirkland in January, 2009.

The chance of selling a home is based on the absorption rate.  The absorption rate looks at the percentage of homes that sell each month compared to the number of  homes for sale.  So if there’s an 11% chance of selling a home in a particular month, it means  11 out of 100 home sellers accepted an offer on their home during that month.  This also means that 89 of the 100 home sellers did not get a mutually accepted offer. It’s important to be one of the small number of homes that gets the offer each month.  It can be done, homes are selling, but the homes that are selling are a great value in the eyes of the buyer.  These homes must be marketed with top-notch, gorgeous photos, video, staging, color flyers, on a gazillion web sites, and, last but not least, great pricing.

(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.)

January, 2009         392   homes for sale,  42  homes sold,    11% chance of selling.

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

January, 2008         385   homes for sale,   38 homes sold,   10% chance of selling.

The real estate activity in Kirkland seems to be a little different than the rest of the eastside.  The number of homes that sold in January, 2009 is actually higher than in January, 2008.  The increase in the number of homes sold is small, only 4, but better than we have seen for a while. In January, almost double the number of homes sold than in December.   This is good news for Kirkland.  My guess is buyers are coming back to the table because they are seeing more values in Kirkland home prices.

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