Wow! I’m impressed with the real estate activity in Kirkland’s Highlands neighborhood over the last two weeks, especially since Thanksgiving and a snowstorm happened during this time. A month ago there were 28 homes for sale in the neighborhood and now there are only 19. Not only has the number of homes for sale dropped, there were 5 new sales in the last two weeks and 3 home sales that moved past the inspection towards closing. Previously there were 5 homes for sale in the $500-750,000 price range and there’s only one home left for sale. Most of this week’s sales were for new construction homes in the area east of 116th. Two other home sales closed and three homes were taken off the market. All in all, a good two weeks of real estate activity in the Kirkland Highlands.
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: 19 (27)
New listings: 0 (1)
Pending inspection: 5 (2)
Pending: 3 (2)
Closed Sales: 2 (1)
Number of Price Reductions: 3 (4)
Price increase: 0 (0)
Homes off the market that did not sell: 3 (0)
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0-$349,999: 2 (2)
$350,000-$499,999: 3 (5)
$500,000-$749,999: 11 (13)
$750,000-$999,999: 1 (5)
$1,000,000- $1,499,999: 2 (2)
$1,500,000- $2,999,999: 0 (0)
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Closed Sales:
$470,000 final sales price, $475,000 last asking price, $500,000 original asking price, sold in 73 days for 5% below the original asking price.
$600,000 final sales price, $605,000 last asking price, $868,500 original asking price, sold in 909 days for 31% below the original asking price.
KIRKLAND HIGHLANDS TOWN HOMES:
2 town homes for sale
7-27-09 13,861
Start of 2010:
9,726
Peak in 2010:
7-26 14,639
Now:
12-6-10 11,747
I expected the number of homes for sale to drop below 12,000 this week and here we are. This is the 11th week in a row in which the number of homes for sale in King County has dropped. We are now down almost 3000 homes from this summer’s peak of King County homes for sale.
***The Multiple Listing rules don’t allow me to comment any further on the listings and sales in this blog post, but feel free to contact me if you have any questions about the real estate market.
Kirkland Highlands Real Estate Buzz
Kirkland Highlands Real Estate Buzz 