Debra Sinick

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on November 13, 2010 at 10:13 am

 

Real Estate Sales in Kirkland

Kirkland, WA Real Estate Sales, 11-10-10

 

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

$500-599,999   7 sales

There were a total of 17 Kirkland home sales.

  • The price range with the most Kirkland homes for sale: $300-399,999   50 homes. This is the first time the price range with the most homes for sale has fallen into the $300+ range. Previous to this year, the price range with the most homes for sale was the million+ range.  For most of this year, the $400+ range has had the most number of homes for sale. This drop below 400k is because prices are down overall and homes that may have been above 400k are now coming on below that price range.  So here we are talking about homes for sale.
  • When we look at homes that have sold, during the month of October sales prices increased from October, 2009. This increase in sales price was a result of the home sales during this one month.   Remember, we have to take the whole year into account.
  • There were a total of 333 (down 7 from last week) homes for sale in Kirkland and 17 (up 7) homes sold.

Homes were selling in many of the price ranges up to $1,999,999.  The number of homes for sale in Kirkland keeps dropping and that’s a good thing.  Buyers still have great homes to choose from, too.

———————————

  • 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 for 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 4.3 months to sell all the homes in the $400-499,999 price range.

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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
  • 11-8-10    12,942

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

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