Debra Sinick

Posts Tagged ‘Kirkland real estate sales’

Another Terrific Month For Kirkland Real Estate!

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on December 17, 2012 at 8:27 am

TGChartImage(17)

It’s been a great year for real estate in Kirkland!  As the year has progressed, we’ve seen the inventory drop considerably, but the number of home sales has remained strong.  Fewer homes were sold in November than October.  In October 86 homes sold and 55 sold in November.  Still none too shabby!

The number of homes for sale dropped by almost 25% from October to November, so there were fewer homes to buy in November than in October.  Contrast this with a year ago when 188 homes, 42% more, were on the market and 52 homes sold.  The number of sales is very similar to last year, but the number of choices for buyers has dropped considerably.

We expect the number of homes for sale to continue to decline into December.

With the low inventory, if you’re thinking of selling your home in 2013, it’s probably best to start earlier in the year.  The real estate market, with these fabulous numbers, will be on your side.

If you’d like more information about the value of your home, please feel free to contact me.

Happy Holidays and all the best in the new year.

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Kirkland Real Estate Was Booming in February, 2012

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on March 23, 2012 at 1:48 pm
Real Estate Sales in Kirkland WA

Kirkland Real Estate Sales Through Feb, 2012

Wow, this is the most exciting real estate market Kirkland has experienced in 5 years!  Almost half of all the homes for sale in February got offers and sold!  That’s an incredible statistics, for any real estate market.

Why is the Kirkland real estate market so hot?  Well, for one thing, if you look at the graph above, it’s easy to see that there aren’t many homes for sale right now. Through most of the summer months in 2011,  the number of homes for sale was double what we have in Kirkland now.  This increased competition among home sellers.  Secondly, buyers are far more positive than they’ve been for years.  Buyers feel good about making an offer for a home now.  Finally, interest rates have crept up slightly, which can also spur buyers to literally make the move.

In Kirkland, 48% of the homes sold in February, compared to only 19% in 2011.  It took on average 98 days for a home to sell and homes sold within 95% of the original asking price.  Median pricing is down from February, 2011.  This year the median price for the homes that sold was $442,000.

I can truly say this is the best to sell a home that we’ve seen in the Seattle and Kirkland area since early 2007.   Sellers do need to remember, though, selling a home in today’s real estate market it must be at today’s pricing.

What’s The Hot Price Range of the Week for Kirkland Home Sales, 9-23-09?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 28, 2009 at 6:27 am

The hot price range of the week in Kirkland?   $300-$399,999

  • Most number of home sales $300,000-399,999:  6 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  66 homes for sale.  This number is up by two homes, but still much lower than the 75 homes in this price range only a few weeks ago.
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-19-09, when 32 homes sold, a new total for the most number of weekly home sales.
  • With more home sales in the million plus range over the last few weeks,  it shows a return of confidence in the real estate market.  The affordable price ranges are fueled by first time buyers and the $8000 first time home buyer tax credit.  The more expensive price ranges are fueled by people choosing to make a move up, something we haven’t seen as much lately.
  • Peak  of home for sale in King County so far this year?
  • July 27th marked a high of 13,861 homes for sale.
  • Week of 9-23-09  13, 373 homes and condos for sale in King County.
  • Are the sales in the more affordable price ranges bolstered by the $8000 first time buyer tax credit?  It wouldn’t surprise me, but it remains to be seen when the tax credit expires November, 30, 2009.  If you plan to use the first time home buyer tax credit, you have a few weeks left to find a home and make an offer.  There will be a lot of buyers trying to close home sales by the deadline, so it could get pretty busy.  Remember Thanksgiving and King County furlough days will eliminate some of the time available to close in November.  There is a movement to extend the credit, but we have no confirmation of that at this time.

There were 417 homes for sale in Kirkland and 19 homes sold last week.

Kirkland Home Sales - 09-23-09

Kirkland Home Sales - 09-23-09

This chart is updated weekly by (Windermere Real Estate/East, Inc., using MLS data) to show the price ranges of the homes sold each week.  Here’s how it’s 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 that many selling.
  • 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.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

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 by the week.

If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in Kirkland.  The middle column shows how many homes sold that week, 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 an average of 2.7 months to sell all the homes in the $400-499,999 price range.

The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.


Hot Price of The Week for Kirkland Home Sales, 9-16-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 21, 2009 at 4:00 pm

The hot price range of the week in Kirkland?   $300-$399,999

  • Most number of home sales $300,000-399,999:  4 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  64 homes for sale.  This number keeps dropping, which is a good thing! Remember, there were 75 homes in this price range only a few weeks ago.
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-19-09, when 32 homes sold, a new total for the most number of weekly home sales.
  • With more home sales in the million plus range over the last few weeks,  it shows a return of confidence in the real estate market.  The affordable price ranges are fueled by first time buyers and the $8000 first time home buyer tax credit.  The more expensive price ranges are fueled by people choosing to make a move up, something we haven’t seen as much lately.
  • Peak  of home for sale in King County so far this year?  July 27th marked a high of 13,861 homes for sale.
  • Week of 9-16-09  13, 373 homes and condos for sale in King County.

There were 423 homes for sale in Kirkland and 17 homes sold last week.

Kirkland Real Estate Sales - 09-16-09

Kirkland Real Estate Sales - 09-16-09

This chart is updated weekly by (Windermere Real Estate/East, Inc., using MLS data) to show the price ranges of the homes sold each week.  Here’s how it’s 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 that many selling.
  • 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.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

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 by the week.

If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in Kirkland.  The middle column shows how many homes sold that week, 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 an average of 2.8 months to sell all the homes in the $400-499,999 price range.

The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.