Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through April 23rd, 2009

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on April 24, 2009 at 1:14 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: 28 (27)

New listings: 2 (2)

Re-listed properties:  1 (0)

Pending inspection: 0 (0)

Pending: 1 (1)

Closed Sales: 0 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 3 (5)

Canceled listings 1 (0)

Expired Listings: 0 (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: 7 (5)

$500,000-$749,999: 8 (5)

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

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

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $676,916 ($697,169)

Median Price of homes for sale: $652,500 ($749,000)

Average Days on Market: 96 (94)

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

Lowest Priced Listing: $269,000 ($269,950)

Townhomes/condos

3  town homes listed

One is now pending and has an offer

The median and average price for homes in the Kirkland Highlands continues to drop as the number of  high end homes for sale has also dropped over the last few months. If there aren’t as many expensive homes on the market, the median price drops.    This trend is also a result of more Highlands homes for sale  priced under the $500,000 mark.

One home has come back on the market as a new listing with a new $30,000 price drop from the previous listing.  The pending sale this week is for a home priced below $1 million.  It was originally priced in the $1.5 million range.

Closed Kirkland Highlands home sale of the week:

None this week.

On another note, the number of sales in all of King County this past week reached 532, the largest number of sales since July, 2008. The good news is more buyers are getting off the fence and using the $8000 tax credit to buy a home.  The Washington State legislature is considering a plan to use the $8000 tax credit towards a buyer’ down payment. It will be interesting to see if this happens as it will open up more possibilities for buyers.  Still will prices head up any time soon?  Most economists think not.

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  1. Interesting and useful info – thanks for informing all of us. Nate

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