Debra Sinick

Kirkland WA Real Estate News, 1-17-11

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on January 18, 2011 at 8:17 pm

There are 16 homes for sale in The Kirkland Highlands, one less than the start of the year.  I’m sure the number will increase as is typical for the year, so if you want to make a move this year, don’t wait too much longer.

The Kirkland Highlands got off to a healthy start in real estate this year.  Several homes have already sold and three home sales closed this week.  The homes that recently received offers were priced up to the low $800’s.  Four of the five recent homes sales, which are now pending or pending inspection, were either short sales or bank owned properties.

This year we’ll still see a challenging market, but it will be easier for the home sellers who have positioned their homes to be the best value in the marketplace.  Feel free to contact me if you have questions about how to position your home so you can get the best price.

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: 16 (17)

New listings: 4 (1)

Pending inspection: 2 (1)

Pending: 3 (1)

Closed Sales: 3 (4)

Number of Price Reductions: 1  (4)

Price increase: 0 (0)

Homes off the market that did not sell: 2 (3)

———————————–

0-$349,999: 4 (4)

$350,000-$499,999: 6 (6)

$500,000-$749,999:  5 (5)

$750,000-$999,999: 0 (1)

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

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

________________________________

Closed Sales:

$492,000  final sales price,  $499,900 last asking price, $539,900 original asking price, sold in  86 days for 9% below the original asking price.

$575,000  final sales price,  $599,000 last asking price, $660,000 original asking price, sold in 1105 days for 13% below the original asking price.

$810,000  final sales price,  $849,950 last asking price, $875,000 original asking price, sold in 59 days for 7% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

3 town homes for sale

1 pending

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

Start of 2011:

1-3-11  10,008

1-17-11  10,361

Remember, if you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***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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