Debra Sinick

What’s The Hot Price Range of the Week for Kirkland Home Sales, 9-23-09?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 28, 2009 at 6:27 am

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

  • Most number of home sales $300,000-399,999:  6 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  66 homes for sale.  This number is up by two homes, but still much lower than the 75 homes in this price range only a few weeks ago.
  • 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.
  • 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 first time home buyer 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.
  • Peak  of home for sale in King County so far this year?
  • July 27th marked a high of 13,861 homes for sale.
  • Week of 9-23-09  13, 373 homes and condos for sale in King County.
  • Are the sales in the more affordable price ranges bolstered by the $8000 first time buyer tax credit?  It wouldn’t surprise me, but it remains to be seen when the tax credit expires November, 30, 2009.  If you plan to use the first time home buyer tax credit, you have a few weeks left to find a home and make an offer.  There will be a lot of buyers trying to close home sales by the deadline, so it could get pretty busy.  Remember Thanksgiving and King County furlough days will eliminate some of the time available to close in November.  There is a movement to extend the credit, but we have no confirmation of that at this time.

There were 417 homes for sale in Kirkland and 19 homes sold last week.

Kirkland Home Sales - 09-23-09

Kirkland Home Sales - 09-23-09

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 2.7 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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