Numbers in red reflect last week’s totals.

New listings:  2(4) 

Active Listings:  27 (24)

Sold subject to inspection:  0(1)

Pending:  1(1)

Closed Sales:  0 (1)

Number of Price Reductions:  1 (3)
———————————–
Number of homes available:    27(24)

0-$349,999:   0(0)

$350,000-$499,999:   4(5)

$500,000-$749,999:    9(6)

$750,000-$999,999:   7(7)

$1,000,000- $1,499,999:   3(3)

$1,500,000- $2,999,999:   4(4)
———————————–
Average Price: $849,534 ($869,071)
Median Price:   $749,950 ($769,000)

Average Days on Market: 70(67)

Highest Priced Listing: $1,825,000 (same)

Lowest Priced Listing: $460,000($435,000)

(data from NWMLS)

My analysis of this week’s real estate buzz:

Three more listings found!  Again, two of the listings were not input into the MLS by the Highlands neighborhood name, but just listed in  Kirkland, with no specific neighborhood mentioned.  One listing has the address incorrect as NE is not written in the address in the right place.  With that simple mistake, it appears the home is located in Juanita, when it actually is in the Highlands.   From time to time, I will double check other listings to make sure there are no more missing listings! 

 It’s helpful when agents list homes and include the specific neighborhood.  If someone is looking for a specific neighborhood, and the name of this neighborhood is not included in the listing, then buyers and agents may initially miss the listing.

The true new listing this week is priced at $1,150,000.  One new listing is a re-listed property with a price drop of $100,000. This listing, a land buy, is now priced at $725,000.  Another home with a reduced price of $775,000 came on the market just a few weeks ago at $839,000.  The “sold subject to inspection” listing from last week is now pending and heading towards closing.  Market time is beginning to increase,  from 67 days to 70 days to sell.   The change in market time is also affected by the addition of these other listings that “had gone missing.”

The Highlands is a neighborhood of mostly single family homes.  There are a few PUDs, Planned Unit Developments, such as Forbes Creek,  and a few condominium complexes.  Generally, I have not included them in my statistics.  However, I will mention the condo activity from time to time in my weekly buzz reports.

There are 3 town homes listed in the mid 400′s, with the least expensive being $435,000.  Kirkland Highpointe has 4 town homes on the market priced from $628,000 to 644,000. The most expensive town home listing is for a duplex priced in the mid 700′s.