Debra Sinick

Latest Real Estate Buzz in The Kirkland Highlands, 9-3-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on September 4, 2009 at 11:59 am

I’ve been out of  the country for the past two weeks, so I missed a week for the Kirkland Highlands real estate update.  I didn’t forget the Highlands, I just wasn’t here in Kirkland.  I was on a trip to the Baltic and got to see places in Russia I had studied in college.  It was pretty exciting to see Catherine The Great’s Palace and The Hermitage.  But now I’m back and glad to see my most recent thoughts about Kirkland Highlands real estate were correct.  Homes are selling in the Kirkland Highlands.  The last few weeks have shown the best real estate activity in the almost two years!

The real estate statistics below reflect the activity in The Kirkland Highlands for the past three weeks. All data is taken from the NWMLS through Thursday morning. 

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: 29 (30)

New listings: 3 (0)

Re-listed properties:  1 (1)

Pending inspection: 3 (1)

Pending: 5 (1)

Closed Sales: 2 (0)

Contingent sale: 0 (0)

Number of Price Reductions:  9  (2)

Canceled listings 1 (0)

Expired Listings: 1 (1)

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 (4)

$350,000-$499,999: 6 (5)

$500,000-$749,999:  11 (10)

$750,000-$999,999: 8 10)

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $735,352 ($668,528)

Median Price of homes for sale: $718,950 ($695,975)

Average Days on Market:  108 (94)

Highest Priced Listing: $1,400,000 ($1,255,000)

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

Yep, we did turn the corner and we are seeing lots of great activity with 8 homes selling in the Kirkland Highlands in the last few weeks. There are still a number of Kirkland Highlands home sellers who are trying to find the right market price, consequently, there were a number of price reductions.  Most were for new construction homes in Solus.  Many of the homes that are finished and ready to sell were reduced between $20-30,000.

Two home sales closed.

$395,000  Waterwheel Park home with an original list price of $529,000, final list price of $409,000, sold for  25% below the original asking price in 338 days.

$460,000 rambler off 112th with a view.  Sold in 11 days for 3.5% below the original asking price of $475,000.  The home was priced well and sold quickly and within a few percent of the asking price.

Town homes/condos

6  town homes listed

2 new listings

1 re-listed

1 pending

1 closed sale

$505,000 Highland Creek town home with a final asking price of $525,000 and an original asking price of $675,000.  This home sold for 25% below the original asking price.

———————

Have a great Labor Day weekend and let’s hope for sun!

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