Debra Sinick

Hot Kirkland Real Estate Prices of the Week, 11-3-10

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on November 5, 2010 at 1:53 pm
Kirkland WA Home Sales

Kirkland Real Estate Sales 11.03.10

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

$400-499,999   5 sales each

There were a total of 10 Kirkland home sales.

  • The price range with the most Kirkland homes for sale: $400-499,999   42 homes.  Thirteen less for sale than the previous week, a huge drop!
  • There were a total of 340 (down 20 from last week) homes for sale in Kirkland and 10 (down 3) homes sold.

All of the homes sold were priced below $899,999.

There are 36 less homes on the market than a few weeks ago.  The number of homes for sale in Kirkland has dropped about 10%.

———————————

  • Here’s how the chart is 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.

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.

There are three columns under each week. On the left side of the column is the number of homes for sale in East Bellevue and Redmond, near Microsoft.  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 4.5 months to sell all the homes in the $400-499,999 price range.

————————————-

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.

In 2010?

  • 1-4-10    9726
  • 7-26-10       14,639
  • 11-1-10    13,049

We’re heading towards the downward slope in the number of property sales in King County.  Good news!  Buyers still have a top notch selection of homes with great interest rates and sellers are starting to have a little less competition.  It’s still a challenging market, and will be for a while, but it’s a healthy sign to see the drop in number of homes for sale.

***This weekly post has a new look! The full 7 week chart has been difficult to read, so I will report week by week instead.***

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: