Debra Sinick

Latest Kirkland Highlands Real Estate News, 12-20-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on December 21, 2010 at 11:39 am

The Kirkland Highlands is ending its year on a stronger real estate note than the first part of the year.  There are only 18 homes on the market, one home received an offer in the last couple of weeks, and 4 homes have moved past the inspection phase towards closing. There’s been a significant drop in the number homes available between $350,000 and $750,000.   Most of the homes in the neighborhood fall in these price ranges.  All of this is good news for Kirkland Highlands real estate.

Happy Holidays and all the best in 2011!

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: 18 (19)

New listings: 1 (0)

Pending inspection: 1 (5)

Pending: 4 (3)

Closed Sales: 1 (2)

Number of Price Reductions: 1  (3)

Price increase: 0 (0)

Homes off the market that did not sell: 4 (3)

———————————–

0-$349,999: 3 (2)

$350,000-$499,999: 4 (3)

$500,000-$749,999:  8 (11)

$750,000-$999,999: 2 (1)

$1,000,000- $1,499,999: 1 (2)

$1,500,000- $2,999,999: 0 (0)
———————————–

________________________________

Closed Sales:

$635,000  final sales price,  $695,000 last asking price, $908,000 original asking price, sold in 1060 days for 31% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

3 town homes for sale

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Now:

12-20-10  11,239

Will we drop back into the 10,000 range of properties for sale in King County?  I believe we will, but we may not get back below the 10,000 level that we had at the beginning of the year.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market. Feel free to contact me if you have any questions about the real estate market or pricing on for your home.

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