Debra Sinick

Latest Real Estate Buzz in The Kirkland Highlands, 8-13-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on August 14, 2009 at 10:55 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.

Okay, I’m doing one more week in a row and then I’ll wait for a few weeks, until September, to do another weekly update.

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.

Numbers in parentheses are from the last report:

Active Listings: 30 (31)

New listings: 0 (4)

Re-listed properties:  1 (1)

Pending inspection: 1 (1)

Pending: 1 (2)

Closed Sales: 0 (0)

Contingent sale: 0 (0)

Number of Price Reductions:  2  (3)

Canceled listings 0 (2)

Expired Listings: 1 (2)

Temporarily Off Market: 0 (0)

Price increase: 0(0)

Back on market: 0 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999: 4 (4)

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

$500,000-$749,999:  10 (11)

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

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

$1,500,000- $2,999,999: 0 (1)
———————————–
Average Price of homes for sale: $668,528 ($689,576)

Median Price of homes for sale: $695,975 ($694,950)

Average Days on Market: 94 (85)

Highest Priced Listing: $1,255,000 ($1,675,000)

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

The most expensive home on the market in The Highlands is now off the market as the listing was canceled.  It was priced at $1,675,000. The two sales this past week were in more affordable prices.  The home now pending was priced at $475,000.  The home receiving an offer this week was priced at $589,999. As I mentioned in my hot price of the week report from Monday, the sales range between $1 million and $1.5 million was the hottest in Kirkland last week. This is a good sign as more people are willing to venture out to buy.  Just after I gathered the data for this report, I noticed a home in the Highlands for 925k received an offer, another good sign.  I’ll be adding that sale to my next report.

It feels as if we are turning a corner and real estate is getting stronger in the Seattle area. I’ll be watching it closely, but to me, it feels like we are at the bottom.

Town homes/condos

4  town homes listed

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