Debra Sinick

Archive for November 30th, 2007|Daily archive page

Weekly Real Estate Buzz in The Kirkland Highlands through November 30th, 2007

In market statistics, Real estate, Weekly market update on November 30, 2007 at 4:39 pm

update-post-it.pngNumbers in red reflect last week’s totals. New totals are through mid-afternoon on Friday, the 30th, and are collected from MWMLS data.

New listings:  2(1) 

Active Listings:   28(27)

Sold subject to inspection:  2(0)

Pending:  0(0)

Closed Sales:   0(0)

Contingent sale: 0(1)

Number of Price Reductions:  3(2)

Cancelled listings 0(0)

Expired Listings 0 (1)

———————————–
Number of homes available:    28(27)

0-$349,999:   0(0)

$350,000-$499,999:   1(2)

$500,000-$749,999:    8(5)

$750,000-$999,999:   10(11)

$1,000,000- $1,499,999:   5(5)

$1,500,000- $2,999,999:   4(4)
———————————–
Average Price: $989,906 ($1,006,791)
Median Price:   $871,050 ($853,050)

Average Days on Market: 71(64)

Highest Priced Listing: $2,299,950 ($2,299,950)

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

(data from NWMLS)

My analysis of this week’s real estate buzz:

The numbers for this week are very similar to two weeks ago, the Friday before Thanksgiving.  Most of the numbers have changed very little, with the exception of the two homes that received offers over the past two weeks and are now sold subject to inspection. These homes receiving offers had undergone price reductions before selling.  One home was priced at $499,950 and was reduced  by $25,000, 5%, before receiving an offer.  The other home was originally priced in the low 800′s, reduced its price 6%, and then sold. 

 The number of homes available from $500-750,000 increased by 3 homes. Two of the homes in this price range are the two new listings and the other is a price reduction.

The town home data is the same as last week as there are no changes in the homes listed. 

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