Debra Sinick

What Was Kirkland’s Hot Price Range of The Week, 10-6-09?

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on October 12, 2009 at 1:58 pm

The  $8000 first time home buyer tax credit is going, going, and soon, it will be gone.

The hot price range of the week in Kirkland?   $500-$599,999

  • Most number of home sales in Kirkland: $500-$599,999, 6 sales.
  • Second highest number of home sales $1,000,000-1,499,999:  4 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  58 homes for sale. Remember only a few months ago, there were well over 70 Kirkland homes for sale in this price range.
  • The high end for Kirkland home sales has improved dramatically.  Homes have been taken off the market and many more homes have sold, giving a boost to the marketplace.
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-26-09, when 26 homes sold.
  • Peak  of home for sale in King County so far this year?
  • July 27th marked a high of 13,861 homes and condos for sale in King County.
  • Week of 10-5-09   13,048

There were 402 homes for sale in Kirkland and 24 homes sold last week.  This is the second highest number of home sales in Kirkland in the last 7 weeks.  Home sales in Kirkland have been stronger over the last couple of months.  Other areas on the eastside have had a home sales slow down when compared to just a few weeks ago.

Kirkland Real Estate Sales - 10-07-09

Kirkland Real Estate Sales - 10-07-09

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 2.8 months to sell all the homes in the $400-499,999 price range.  Just a few weeks ago, it took 4.6 months to sell a home in this 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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