Debra Sinick

Hot Sales Price of the Week for Kirkland Homes, 11-02-09

In buyers, Kirkland News, Kirkland, WA Real Estate, market statistics, Real estate, sellers on November 6, 2009 at 3:04 pm

The hot price range of the week in Kirkland?   $400-$499,999

  • Most number of home sales in Kirkland: $400-$499,999, 3 sales.
  • Most number of homes for sale $1,000,000-1,499,999:  54 homes for sale. This number has remained fairly constant and continues to be down from the summer’s highs.
  • Highest number of home sales in Kirkland in the last 7 weeks:   10-7-09 when 24 homes sold.
  • Home sales happened in most price ranges under $799,999 with one sale each in  $1,000-$1,499,999 and $1,500-$1,999,999 ranges.
  • There were 382 homes for sale in Kirkland and 14 homes sold last week.  The number of homes for sale in Kirkland is dropping, another good sign.
  • There are 35 less homes for sale than about 7 weeks ago.

     

  • Peak  of homes 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 11-02-09   12,324 homes for sale in King County.  The lowest number of properties for sale in King County since February of this year!

Kirkland Home Sales, 11-04-09

Kirkland Home Sales, 11-04-09

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 3.1 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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