Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through April 1st, 2009

In Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers, Weekly market update on April 2, 2009 at 5:11 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. (except this week’s data is through Wednesday, the 1st)

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 (28)

New listings: 0 (0)

Re-listed properties:  0 (1)

Pending inspection: 1 (0)

Pending: 0 (0)

Closed Sales: 1 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 2 (0)

Canceled listings 0 (0)

Expired Listings: 1 (1)

Temporarily Off Market: 0 (0)

Price increase: 0(0)

Back on market: 0 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999: 2 (3)

$350,000-$499,999: 6 (6)

$500,000-$749,999: 6 (7)

$750,000-$999,999: 10 (9)

$1,000,000- $1,499,999: 1 (2)

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $721,867 ($714,464)

Median Price of homes for sale: $749,475 ($737,000)

Average Days on Market: 96 (93)

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

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

Townhomes/condos

2 Active town homes listed

One home is off the market and one home received an offer this week, so there are two less homes for sale in the Kirkland Highlands this week. The home that got an offer this week is priced under $300,000.

Closed Kirkland Highlands home sale of the week:

$870,000  New construction home with 3400+ square feet, 4 bedrooms, and 2.5 baths.  It took  597 days to sell and originally came on the market for $1,199,000.Clearly, the market was very different in 2007.  The final sales price was 28% below the original asking price.

One of the homes that was reduced this week is a short sale and is now priced far below its original asking price.  This home is over 5200 square feet and is now priced at $999,950. It was priced last year for over $1.5 million.

As I mentioned in last week’s post, there are many  relatively new homes for sale in Kirkland with similar square footage that are priced just above $1 million.  Competition is fierce in this price range and it’s even more important for these homes to be well priced in order to get the buyers’ attention.  Buyers have so many choices.  Between $1,000,000-1.2 million, there are 32 homes available to choose from and this does not include North Kirkland!

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