Debra Sinick

The Hot Price Range for Kirkland Home Sales, 7-22-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on July 27, 2009 at 3:23 pm

Kirkland Home Sales 7-22-09

Kirkland Home Sales 7-22-09

Two hot price ranges this week: $300-399,999, $500-599,999.

Forget the Seattle eastside economy. Right now, it’s all mother nature’s fault.  When the sun shines like it is in Kirkland these days, real estate slows down. The heat and the sun are contributing to Kirkland’s  “cooler” real estate market.  Stop by Lake Washington on any sunny weekend day and it’s clear people are out enjoying the day and not house shopping.  There are buyers out there though.  They are those buyers who are seriously looking and wanting to buy soon.

  • Most number of home sales $300,000-399,999, $500-599,999:  3 homes sold in each price range.
  • Most number of homes for sale $1,000,000-1,499,999:  76 homes for sale. (dropping from a high of 84 a few weeks ago.)
  • It’s still a strong buyers’ market for homes priced above $700,000.
  • This past week, between $500-599,999 and $800-899,999, it’s more of a balanced market between buyers and sellers.
  • Highest number of home sales in Kirkland in the last 7 weeks:  6-17-09, when 24 homes sold.

There were 456 homes for sale in Kirkland and 16 homes sold last week.

——————————————————————————————————————————————–

This chart is updated weekly by (Windermere Real Estate/East, Inc., using MLS data) to show the price ranges of the homes sold each week.  Here’s how it’s set up:

The colors show who has the advantage in a particular price range. 

  • Green means the buyer has the advantage with many homes to choose from and not that many selling.
  • Yellow means the number of homes for sale and the number of sales in the price range is balanced between the buyer and the seller.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.

Across the top, the chart is broken down into real estate activity by the week.

If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in Kirkland.  The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale.  In other words, if no other homes came up for sale, it would take an average of 4 months to sell all the homes in the $400-499,999 price range.

The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.



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