Debra Sinick

Latest Kirkland Highlands’ Real Estate Buzz, 9-7-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on September 7, 2010 at 11:57 am

The number of homes for sale in the Kirkland Highlands’ neighborhood crossed above 30 for sale for the first time in a long time.  Four homes were newly listed for sale in The Kirkland Highlands over the past two weeks and all but one of the homes is priced above $1.2 million.  More homes are coming up for sale in the Highlands priced above $1 million than have been most of 2010.  Two of the three new high end listings are for new construction homes.

There were several prices reduced on homes and all of them were in the $400’s-$500’s.  One home’s price was increased after a couple of months on the market.

On the town home side, one listing came up this week that did not seem to show up last week, hence one of the reasons there are now 4 town homes for sale when the last report had 2 available.  (More of the kinks are worked out of our new MLS system, but occasionally there are still some out there.)

In most areas of Seattle’s eastside we are seeing the number of homes for sale dropping, which is typical for this time of year.

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: 31 (27)

New listings: 4 (3)

Pending inspection: 0 (1)

Pending: 1 (0)

Closed Sales: 0 (1)

Number of Price Reductions: 2  (2)

Price increase: 1 (0)

Homes off the market that did not sell: 2 (3)

———————————–

0-$349,999: 0 (1)

$350,000-$499,999: 7 (4)

$500,000-$749,999:  15 (17)

$750,000-$999,999: 4 (3)

$1,000,000- $1,499,999: 5 (2)

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: N/A with new MLS system*

Median Price of homes for sale: N/A with new MLS system

Average Days on Market:  N/A

Highest Priced Listing: $1,450,000 ($1,299,000)

Lowest Priced Listing: $360,000 ($330,000)

________________________________

Closed Sales:

KIRKLAND HIGHLANDS TOWN HOMES:

4 town homes for sale

1 back on the market

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:

9-7-10  14,172   So far, the highest number of homes in King County for sale in 2010 was at the end of July, when the number hit 14,639. I think the number of King County homes for sale is dropping, and, hopefully, will continue to do so.

* The statistics portion of the new NWMLS (Northwest Multiple Listing Service) is currently not working.  Our new system is having the kinks worked out.  Stay tuned!

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