Debra Sinick

Hot Kirkland Real Estate Prices of the Week, 12-1-10

In buyers, Kirkland News, Kirkland, WA Real Estate, market statistics, sellers, Weekly market update on December 3, 2010 at 1:03 pm
Kirkland WA Home Sales

Kirkland WA Real Estate Sales, 12-01-10

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

$300-399,999   2 sales

There were a total of 5 Kirkland home sales.

  • The price range with the most Kirkland homes for sale: $300-399,999   43 homes. 
  • There were a total of 295 homes for sale in Kirkland and 5 homes sold.

The number of sales is not really much of a surprise given the snow and Thanksgiving holiday.  Between these two things, I’m glad to see that some real estate was happening!

Over the last month the number of Kirkland homes for sale has dropped  by close to 40 homes.  It’s been many months since we’ve seen this number below 300.  I expect to see it dropping more as we follow the typical trend for this time of year.  This is good news as there are still a number of homes for sale. There’s a good selection, but it’s a little less competitive for sellers, although it is still a very challenging market.

———————————

  • 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 3.7 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
  • 11-29-10    12,119


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