Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands, June 25th, 2009

In buyers, Kirkland WA, market statistics, Real estate, sellers, Weekly market update on June 26, 2009 at 7:15 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:31 (31)

New listings: 0 (2)

Re-listed properties:  0 (0)

Pending inspection: 1 (0)

Pending: 1 (1)

Closed Sales: 0 (0)

Contingent sale: 0 (0)

Number of Price Reductions:  3  (1)

Canceled listings 0 (0)

Expired Listings: 0 (0)

Temporarily Off Market: 0 (0)

Price increase: 0(0)

Back on market: 2 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999: 1 (0)

$350,000-$499,999: 6 (7)

$500,000-$749,999:  11 (11)

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

$1,000,000- $1,499,999: 2 (3)

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $736,735($738,995)

Median Price of homes for sale: $724,900 ($724,900)

Average Days on Market:105 (99)

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

Lowest Priced Listing: $299,000 ($395,000)

Townhomes/condos

4  town homes listed

The Seattle PI had an interesting article about the  local real estate market. The Seattle real estate market is stronger than much of the rest of the west.

Sales of existing houses and condos in May were up just over 30 percent from April in King County, compared with increases of 6.6 percent in the West and 9.2 percent nationwide, according to data from the Northwest Multiple Listing Service and the National Association of Realtors.

But county sales were down 20 percent from May 2008, compared with an increase of 8.7 percent in the West and a 6.6 percent drop nationwide.

The market has been fueled by first time buyers with 29% of  home sales being purchased by first time buyers.

Happy Selling to all of you participating in the Kirkland Highlands Garage Sale this weekend.

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