Debra Sinick

Weekly Real Estate Buzz In The Kirkland Highlands Through February 26th, 2009

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on February 27, 2009 at 2:44 pm

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: 26 (24)

New listings:    1 (1)

Re-listed properties:   0 (0)

Pending inspection:   0 (0)

Pending:   0 (0)

Closed Sales:    0 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 6 (1)

Canceled listings  0 (0)

Expired Listings: 0 (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  1 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999:  1  (1)

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

$500,000-$749,999: 7 (5)

$750,000-$999,999:  8 (8)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $696,965 ($704,296)

Median Price:   $697,000 ($697,000)

Average Days on Market: 161 (165)

Highest Priced Listing: $1,795,000 ($1,850,000)

Lowest Priced Listing: $274,950 ($289,950)

Townhomes/condos

1 Active town home listed

1 Town home is off the market

____________________________________________________________________________________

This week saw a number of price reductions.  Sellers are trying to meet or beat the competition and current market values by lowering prices. The Kirkland Highlands’ highest priced home for sale was reduced by $55,000 and is now $1,795,000.  At the other extreme, the most reasonably priced home for sale is now  an even better value with another price drop to $274,950.  As I mentioned in previous weekly updates, it’s been a very long time since we’ve seen a single family home priced below the $300,000 range.  Since home values are now back to late 2005 pricing, I anticipate seeing more homes in this price range in the near future.  These homes should be great draws to first time buyers who take advantage of super interest rates and the first time home buyer tax credit.  Here’s a link to a good article from The Seattle PI’s Aubrey Cohen about the state of real estate prices in the Seattle area.  Right now prices are back to 2005 levels.

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: