Debra Sinick

Hot Real Estate Prices of the Week In Kirkland, WA 10-6-10

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on October 8, 2010 at 4:35 pm

This week’s hot price for Kirkland Washington home sales:

$500-599,999   6 sales.

This price range was the most popular last week, too.

  • The price range with the most Kirkland homes for sale: $400-499,999   57 homes.  Three fewer homes for sale than last week.
  • There were a total of 374 (down 13 from last week) homes for sale in Kirkland and 23 (up 12) homes sold.  The numbers are going in the right direction for both!  Inventory is down and sales are up.
  • Week with the most number of homes for sale in the last 7 weeks:   393 homes for sale,  9-15-10
  • Week with the highest number of homes sold in Kirkland in the last 7 weeks:  10-6-10, with 23 sales.
     

  • Peak  of homes and condos for sale in King County in 2009?
  • July 27th marked a high of 13,861 homes and condos for sale in King County.
  • 1-4-10 9726
  • 10-4-10  13,869

This represents a big drop in the number of King County homes for sale, the second biggest of the year with over 400 less homes on the market.  It’s also nice to see the number below 14,000.  Hopefully, we will continue to see more of a drop.

The chart below 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.
 

 

 

 

Kirkland WA Home Sales

Kirkland WA Real Estate Sales, 10-06-10

 

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 7.9 months to sell all the homes in the $400-499,999 price range.

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