Kirkland Highlands Real Estate Buzz

Pending:  0(2)

Closed Sales:   0(0)

Contingent sale: 0(0)

Number of Price Reductions:  0(0)

Cancelled listings 0(1)

Expired Listings 0 (0)

———————————–
Number of homes available:    27(26)

0-$349,999:   0(0)

$350,000-$499,999:   1(1)

$500,000-$749,999:    6(6)

$750,000-$999,999:   11(10)

$1,000,000- $1,499,999:   6(6)

$1,500,000- $2,999,999:   3(3)
———————————–
Average Price: $995,386 ($1,004,478)
Median Price:   $877,335 ($879,258)

Average Days on Market: 82(79)

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:

All quiet on The Highlands front!  It’s been a fairly quiet week, which is a typical seasonal trend.  It looks as if Highlands buyers may all be at the mall!

 The home, which I reported as receiving an offer last week, has not gone to pending status as of this date.  The buyer and seller may still be resolving the inspection.  

In last week’s buzz report, I mentioned a “new” listing would be coming up in the neighborhood. It was listed early this week.  It’s really not a “new” listing, but has been relisted and here’s why:

Since this home had not sold, the home owner’s employer took over the home sales process.  Since most companies are not really in the business of selling homes, the home sale was then turned over to a relocation company to manage.    Companies will often assist employees with a home sale when the company has  transferred the employee to a new location. The home has been relisted as a new listing, priced $10,000 below its previous price at $759,000.

Average market time has crept up in The Highlands and  is now  80+ days.  This is not unique to The Highlands.  It’s now the more typical sales time on the Eastside.

The town home/condo market was also fairly quiet this week after a number of changes last week.

I anticipate the market being more on the quiet side over the next few weeks.  I will resume the weekly real estate buzz reports in mid-January. 

If you are thinking of making a move sometime over the next year, start planning ahead, and be market ready well ahead of time.  When selling in this more competitive market, you and your home must be well prepard to beat the competition.

Happy Holidays and all the best in 2008!