Debra Sinick

Hot Kirkland, WA Sales Prices of the Week, 1-5-11

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on January 7, 2011 at 4:36 pm

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

$300-399,999   3 sales

  • The price range with the most Kirkland homes for sale: $300-399,999 33 homes. 
  • There were a total of 242 homes for sale in Kirkland and 10 homes sold.

What a difference from a few years ago, when the most number of homes for sale in Kirkland fell into the $1000-1,499,999 price range.  As 2010 came to a close, it was clear that the upper tier price ranges had pushed more and more homes into the lower price ranges.  It’s far more common now to see more homes priced from $300-$500,000 than in other price ranges.  This will carry over into this year.

The year is also starting with a lot less competition.  There are fewer homes on the market right now.  As the year progresses, I expect to see more homes come on the market.  If you plan to make a move, try to do it before the middle of the summer.  Your home will be competing with far fewer homes.

Kirkland Home Sales

Kirkland WA Real Estate Sales, 1-05-11

  • 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 as many selling. Homes take longer than 6 months to sell.
    • 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.  Homes take between 3-6 months to sell.
    • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.  Homes sell in under 3 months.

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, the actives, in a particular price range.  The middle column shows how many homes sold that week, the pendings,  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 6.1 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
  • 12-27-10    11,015

In 2011?

  • 1-3-11           10,008


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