Debra Sinick

The Hot Price Range of the Week for Kirkland Home Sales, 9-2-09

In Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 8, 2009 at 6:10 am

The hot price range of the week in Kirkland?   $300-$399,999

  • Most number of home sales $300,000-399,999:  7 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  67 homes for sale.
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-19-09, when 32 homes sold, a new total for the most number of weekly home sales.
  • Week of 8-19-09,  of the 32 homes sold, there were 4 different price ranges with 6 homes sold in each: $300-399,999, $400-499,999, $500-599,999 AND $1,000,000-1,499,999.
  • With more home sales in the million plus range over the last few weeks,  it shows a return of confidence in the real estate market.  The affordable price ranges are fueled by first time buyers and the $8000 tax credit.  The more expensive price ranges are fueled by people choosing to make a move up, something we haven’t seen as much lately.
  • Perhaps this summer was the number of home for sale in King County reached its peak?  July 27th marked a high of 13,861 homes for sale.

There were 425 homes for sale in Kirkland and 24 homes sold last week.  Five weeks ago there were 461 homes for sale in Kirkland and only 17 sales.

***I haven’t forgotten about these weekly posts, I’ve been out of the country for the past few weeks in the Baltic.  Now I’m back and ready to report on the latest real estate news in Kirkland.

Kirkland Real Estate, 9-2-09

Kirkland Real Estate, 9-2-09

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 2.2 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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