Sellers had a 11% chance of selling a home in Kirkland in October, 2007.
(See the chart above to show the last four year’s activity. The chart shows numbers for all of Kirkland, south of NE 116th St)
October 2007 424 homes for sale, 48 sales, 11% chance of selling.
September 2007 424 homes for sale, 40 sales, 9.4% chance of selling.
October 2006 356 homes for sale, 80 sales, 22% chance of selling.
Both September and October had the greatest amount of inventory in Kirkland so far this year. The chances of selling a home in Kirkland increased only slightly in October, by 1.6%, as compared to September. Forty-eight homes sold in Kirkland in October and 40 sold in September. The chances of selling a home were exactly half of last October’s 22% chance of selling.
The homes that sell each month are those homes that are priced ahead of the curve and “dressed for success.” The best value wins the buyer in this market.
Overall, the Eastside saw a slight drop in inventory, about 130 homes, from last month. It will be interesting to see if this seasonal trend continues into November and December.
Have a great Thanksgiving holiday.
Kirkland Highlands Real Estate Buzz
