Debra Sinick

A Surprising Start to the Year In Kirkland Highlands’ Real Estate

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on January 31, 2011 at 10:35 pm

Hardly anyone seems to be moving in the Kirkland Highlands.  Is everyone staying put?  There are only 14 homes on the market this week.  Usually by the end of January more, rather than less, homes are for sale.  Two weeks ago there were 16 homes for sale, which is already on the low side and now there are two less homes for sale.  None of the homes for sale are priced above $750,000 right now!

Hmm… seems like a good time to think about selling your home if you plan to make a move in the next few months.

The real estate market will still be a challenge.  That’s not going to change anytime soon,  but the home sellers who’ve positioned their homes to be the best value in the marketplace will sell their homes.  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: 14 (16)

New listings: 0 (4)

Pending inspection: 1 (2)

Pending: 0 (3)

Closed Sales: 3 (3)

Number of Price Reductions: 2  (1)

Price increase: 0 (0)

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

———————————–

0-$349,999: 4 (4)

$350,000-$499,999: 7 (6)

$500,000-$749,999:  3 (5)

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

$1,000,000- $1,499,999: 0 (1)

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

________________________________

Closed Sales:

$163,000  final sales price,  $171,460 last asking price, $280,000 original asking price, sold in 112 days for 42% below the original asking price.  This home was unique because it was in need of a complete rehab.

$580,000  final sales price,  $610,000 last asking price, $873,550 original asking price, sold in 1125 days for 34% below the original asking price. (bank owned property.)

$875,000  final sales price,  $895,000 last asking price, $895,000 original asking price, sold in 42 days for 2.5% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

1 sold

$259,000  final sales price,  $299,000 last asking price, $359,000 original asking price, sold in 318 days for 28% below the original asking price.

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

1-31-11  10,435

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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