Debra Sinick

How Much Have Real Estate Prices Gone Up in Kirkland, WA?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on August 17, 2012 at 9:56 pm

Kirkland Real Estate Sales Through July, 2012

Yes, it’s true what you hear, real estate sales are still strong in Kirkland, WA.  Eighty-seven homes sold in July and 88 sold in June.  The difference in July was there were slightly more homes on the market, 19 to be exact.  With the increase in the number of homes for sale, the odds of selling a home in Kirkland dropped to 40%.  In June 49% of the homes sold.  Still the odds of selling this whole year have been terrific.  In July of 2011, sellers only had a 21% chance of selling, because there were so many more homes for sale.

It took on average 67 days for a home to sell and homes sold within 96% of the original asking price.  Median pricing in July was up to $578,000 from $528,000 in July, 2011.   This sounds great, and it is, but it gets confusing when you look at June statistics.   The median price was $615,000 for the homes sold in June.  It looks as if pricing dropped a lot, but it did not drop precipitously from June to July.  The reality is we are par with last year’s pricing so far this year in Kirkland.  Pricing can vary up or down from month to month, so it’s important to look at a 6 month trend to determine where prices truly are at.  I wrote a post which explains the median pricing for the eastside.

So the answer to the question:  How much have home prices gone up in Kirkland, WA? The reality is we are on par with last year’s pricing so far this year in Kirkland.

If you’d like to find out more about the Kirkland real estate market, don’t hesitate to call or email us.  It’s important to put your home in the percent of homes that have sold, not in the percent that did not.

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