Debra Sinick

The Real Estate Buzz in The Kirkland Highlands, 8-5-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, sellers on August 7, 2009 at 8:58 am

The real estate statistics below reflect the activity in The Kirkland Highlands for the past two weeks. All data is taken from the NWMLS through Thursday morning.  I’m thinking of sticking to a bi-weekly or monthly real estate update.  The Highlands is just a small portion of Kirkland real estate with less than 1000 homes.

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 (33)

New listings: 4 (2)

Re-listed properties:  1 (2)

Pending inspection: 1 (0)

Pending: 2 (0)

Closed Sales: 0 (0)

Contingent sale: 0 (0)

Number of Price Reductions:  3  (2)

Canceled listings 2 (0)

Expired Listings: 2 (1)

Temporarily Off Market: 0 (0)

Price increase: 0(0)

Back on market: 0 (2)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999: 4 (3)

$350,000-$499,999: 5 (4)

$500,000-$749,999:  11 (14)

$750,000-$999,999: 9 (9)

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

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $689,576 ($715,926)

Median Price of homes for sale: $694,950 ($694,950)

Average Days on Market: 85 (85)

Highest Priced Listing: $1,675,000 ($1,675,000)

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

Two weeks ago there were 3 homes for sale in Kirkland’s Highlands for less than 350k and now there are 4 homes.  This reflects the overall market trend on Seattle’s eastside.  More homes are coming on the market that fall in what the affordable price is for this area. Granted, this is not the case in other parts of the country or even in other parts of King County, but it’s the case here.  Expect this trend in home pricing to continue.

The real estate market is the most active it’s been for two years, but prices are not heading up which actually may give buyers more courage to buy.

New listings came on the market from the low 300’s to the mid-800’s.  The homes  with offers over the last two weeks all sold in record time. The fastest home sale was in 11 days.  One home sold in 16 days and the other in 42 days.  The home that sold in 42 days was priced at $1,298,800.  It’s great to see a home in this price range get sold, since it is the toughest price range in Kirkland.  There are over 70 homes all over Kirkland priced between $1,000,000 and $1.5 million.

Will homes in Kirkland sell?  Yes, if they are priced right and ahead of the competition.

Town homes/condos

4  town homes listed

1 reduced price

1 pending

The town home in Highland Creek which is priced at $525,000, a fabulous price, did get an offer. One of the other 2 town homes for sale in Highland Creek, which was priced in the $570’s, is no longer for sale.

———————

Come to downtown Kirkland on Sunday for Kirkland’s Bicycle Criterium. The Criterium route will be right downtown.  It’s a “fast” event to watch and it’s fun.

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