Debra Sinick

Latest Real Estate Buzz in Kirkland Highlands WA, 3-29-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on March 30, 2010 at 1:07 pm

The number of Kirkland Highlands homes for sale has jumped up by a lot over the past two weeks. Just a month ago, there were only 18 homes available for sale in Kirkland’s Highlands, today there are 26, which is a 31% increase.    The biggest increase in the number of homes for sale falls into the $500-750,000 price range.   A month ago, there were 8 homes for sale and now there are 13. Because there are so many new listings on the market in the Kirkland Highlands,  the market time, the time to get a home sold, has dropped considerably.

King County has added exactly 3000 properties for sale as more home sellers are trying to capture the home buyer tax credit and the usually stronger Seattle spring real estate market

There is strong real estate activity in Kirkland as 7 home sales have closed in the last month.  Right now, there are about 30 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: 26 (20)

New listings: 6 (4)

Pending inspection: 0 (3)

Pending: 2 (2)

Closed Sales: 1 (5)

Number of Price Reductions: 3  (1)

Price increase: 0(0)

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

———————————–

0-$349,999: 2 (1)

$350,000-$499,999: 6 (4)

$500,000-$749,999:  13 (10)

$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: $597,280 ($623,850)

Median Price of homes for sale: $584,000 ($683,300)

Average Days on Market:  57  (82)

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

Lowest Priced Listing: $290,000 ($349,950)

________________________________

Closed Sales:

Sales price: $663,000, Last asking price: $674,000, Original asking price: $789,990, sold in 86  days for 17% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

5 town homes for 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  12,726  exactly  3000 more homes on the market than the first of the year.  Each week, except one, has shown an increase in the number of homes for sale.

Properties for sale in King County WA

King County Real Estate, 3-29-10

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