Debra Sinick

Latest Kirkland Highlands Real Estate Buzz, 10-4-10

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on October 5, 2010 at 9:32 am

Wow, a huge number of price drops happened in The Kirkland Highlands over the last two weeks.  Nine homes have a reduced price.  Several of the homes are bank owned, new construction, but reductions happened in a variety of price ranges.  There were no offers accepted on homes in the Highlands neighborhood this week.

Fortunately, the number of homes in King County took a huge drop.  I expect to see that continue overall and in Kirkland as we head to the end of 2010.

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 (33)

New listings: 1 (3)

Pending inspection: 0 (0)

Pending: 2 (0)

Closed Sales: 1 (0)

Number of Price Reductions: 9  (1)

Price increase: 0 (1)

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

———————————–

0-$349,999: 1 (1)

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

$500,000-$749,999:  16 (16)

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

$1,000,000- $1,499,999: 4 (5)

$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 ($1,450,000)

Lowest Priced Listing: $234,900 ($234,900)

________________________________

Closed Sales:

Sales price: $392,750 Last asking price: $399,000 Original asking price: $459,000, sold in 144 days for 15% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

3 town homes for sale, 1 back on the market

1 pending sale, which means the town homes have an offer

1 expired listing, which means it was taken off 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:

10-4-10  13,869

Good to see the numbers starting to drop.  Ironically, we’ve dropped the second most number of homes this year, but we are down to the high of last year.  So there are still a number of homes for sale in King County.  It is nice, though, to see the numbers dropping.

* 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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