Debra Sinick

Latest Kirkland Highlands WA Real Estate Buzz, 3-15-10

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 15, 2010 at 5:35 pm

The number of Kirkland Highlands homes for sale has crept up, but only slightly at this point.  We’re still at the lower end with the number of homes for sale.  The number of King County properties for sale is jumping up as more home sellers are trying to capture the home buyer tax credit and the usually stronger Seattle spring real estate market.  You can see these numbers in the chart below.

I’m pleased to see so many sales closing as there were 5 Kirkland Highlands homes that closed the past two weeks, the most we’ve seen in a long time.  Right now, there are less than 46 days to use the home buyer tax credit.

The real estate statistics below reflect the activity in The Kirkland Highlands for the past two weeks. All data is taken from the NWMLS through Monday of this week.

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 corridor. 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: 20 (18)

New listings: 4 (0)

Pending inspection: 3 (1)

Pending: 2 (2)

Closed Sales: 5 (0)

Number of Price Reductions: 1  (0)

Price increase: 0(0)

Homes off the market that did not sell: 1 (2)

———————————–

0-$349,999: 1 (1)

$350,000-$499,999: 4 (4)

$500,000-$749,999:  10 (8)

$750,000-$999,999: 5 (5)

$1,000,000- $1,499,999: 0 (0)

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $623,580 ($620,286)

Median Price of homes for sale: $679,973($683,300)

Average Days on Market:  82  (63)

Highest Priced Listing: $881,500 ($881,500)

Lowest Priced Listing: $349,950 ($299,000)

________________________________

Closed Sales:

Sales price: $460,000, Last asking price: $499,000, Original asking price: $499,000, sold in 86  days for 8% below the original asking price.

Sales price: $475,000, Last asking price: $465,000, Original asking price: $465,000, sold in 21 days for about 2% above the original asking price.

Sales price: $625,000, Last asking price: $719,000, Original asking price: $829,000, sold in 282 days for 14% below the original asking price.

Sales price: $845,000, Last asking price: $898,000, Original asking price: $1,100,000, sold in 253 days for about 24% below the original asking price.

Sales price: $899,000 Last asking price: $899,000, Original asking price: $1,259,000, sold in 438  days for 29% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

5 town homes for sale

1 pending sale

1 price reduction

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Now:

3-2-10  12,324

Number of Properties in King County WA for sale 3-15-10

King County WA Homes and Condos for Sale, 3-15-10

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