Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands through April 16th, 2009

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers, Weekly market update on April 17, 2009 at 12:30 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: 27 (26)

New listings: 2 (1)

Re-listed properties:  0 (0)

Pending inspection: 0 (0)

Pending: 1 (0)

Closed Sales: 1 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 5 (4)

Canceled listings 0 (1)

Expired Listings: 1 (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: 3 (2)

$350,000-$499,999: 5 (6)

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

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

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

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $697,169 ($725,140)

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

Average Days on Market: 94 (98)

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

Lowest Priced Listing: $269,950 ($269,950)

Townhomes/condos

4 Active town homes listed

One price reduction

The average price of the homes for sale has dropped some this week as more homes have reduced their asking prices.  Is the bottom here for pricing? It may be , if not soon, as more people are out making offers on homes on the eastside.  More offers in general are happening, but we still don’t see prices heading up anytime soon.  We do, however, anticipate more homes selling on Seattle’s eastside and in Kirkland.  NuWire Investor had an article expressing more postive thoughts about the economy. The article has a link to an article from Housing Wire with more specific information about the housing market.

Closed Kirkland Highlands home sale of the week:

$804,950 New construction with 4 bedrooms, 2.5 baths.  It was on the market for 469 days (remember, it was advertised for sale before it was actually built) with an original asking price of $908,000, and final asking price of $849,000.  The home sold for 12% below the original asking price.

For a look at the March 2009 Seattle eastside  real estate data, check out my blog post on the March real estate statistics.

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