Debra Sinick

Hot Kirkland, WA Real Estate Prices of the Week, 12-8-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on December 10, 2010 at 1:33 pm

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

$300-399,999   4 sales

There were a total of 11 Kirkland home sales.

  • The price range with the most Kirkland homes for sale: $300-399,999   41 homes. 
  • There were a total of 290 homes for sale in Kirkland and 11 homes sold.
Home Sales in Kirkland WA

Kirkland WA Real Estate Sales 12.08.10

The number of Kirkland homes for sale has dropped by a huge amount just in the last 7-8 weeks.  At the end of October, there were 360 homes on the market.  With this week’s total of 290, the number of Kirkland homes for sale has dropped by 20%

———————————

  • 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 4.4 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
  • 12-6-10    11,747

There are about 3000 less homes for sale in King County than at the peak in July.  Can we get below 11,000 homes for sale by the beginning of 2011?

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