Numbers in red reflect last week’s totals.
New listings: 2 (4) One new listing and one home re-listed as new.
Active Listings: 22(22)
Sold subject to inspection: (0)
Pending: (0)
Closed Sales: 2 (1)
Number of Price Reductions: 1(2)
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Number of homes available: 22(22)
0-$349,999: 0(0)
$350,000-$499,999: 7(6)
$500,000-$749,999: 6(6)
$750,000-$999,999: 4(6)
$1,000,000- $1,499,999: 3(3)
$1,500,000- $2,999,999: 2(2)
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Average Price: $676,483 ($685,086)
Median Price: $587,495 ($595,900)
Average Days on Market: 65 (66)
Highest Priced Listing: $1,825,000 (same)
Lowest Priced Listing: $399,950 (same)
(data from NWMLS)
My analysis of this week’s real estate buzz:
A listing found! When reviewing a wider area of information for other Kirkland neighborhoods, I noticed a listing in Waterwheel Park. Since The Highlands is not listed as this listing’s community on NWMLS, the listing does not show up when a Realtor searches for homes in The Highlands. (It is really important to have the correct community listed) Now that I found it, I will add it to our weekly information. By the way, this home was just reduced by $20,000 to $498, 950.
There is one new listing that is truly new to the marketplace. The other “new” listing has been on the market and has been re-listed in the high $470′s. The ”real” new listing is on the same cul-de-sac and is priced at $499,950. Both homes are in Edwards Place.
There are two closed sales in which the price is public, however, we have not had a sale in The Highlands in the last few weeks. One of the closed sales was priced originally at $560,000, reduced to $530,000, and sold for $515,000. The other sale was at $556,000. The original asking price for this home was $649,900. This home first came on the market in the spring, when homes were selling at a much faster pace.
With the activity and excitement of “Extreme Makeover” happening in the Highlands, some homes are difficult to actually get to, so the showing activity is down this week.
I’ve been asked to join The Seattle PI Real Estate Professionals blog and here is a link to my first post. I reported very positive news about the local economy. Real estate is hyper-local. It’s more directly affected by the local economy and events. My post certainly unleashed a lot of comments. Let me know what you think and if you have any questions about the real estate market.
Have a great week!