Numbers in red reflect last week’s totals. New totals are through mid-afternoon on Friday, the 28th and are collected from NWMLS data.
Pending: 0(0)
Closed Sales: 1(0)
Contingent sale: 0(0)
Number of Price Reductions: 0(0)
Cancelled listings 0(0)
Expired Listings 0 (0)
———————————–
Number of homes available: 28(27)
0-$349,999: 0(0)
$350,000-$499,999: 2(1)
$500,000-$749,999: 6(6)
$750,000-$999,999: 11(11)
$1,000,000- $1,499,999: 6(6)
$1,500,000- $2,999,999: 3(3)
———————————–
Average Price: $975,011 ($995,386)
Median Price: $875,443 ($877,335)
Average Days on Market: 84(82)
Highest Priced Listing: $2,299,950 ($2,299,950)
Lowest Priced Listing: $424,900($460,000)
(data from NWMLS)
My analysis of this week’s real estate buzz:
Okay, last week I mentioned there would be no buzz for a few weeks, but there have been a few changes, so I decided to write about them!
There’s a new listing on the market this week and is now The Highlands’ most reasonably priced listing at $424,900. The new listing is an estate sale located in Edwards Place and is a 3 bedroom, 2 bath, 1200 square foot rambler.
One sale closed this week. It was for a new construction home that had been on the market for a number of months. The final asking price was $1,595,000, but the selling price was $1,750,000. When the sales price is higher than the asking price, it can be for a number of reasons: multiple offers, additional customization, or accommodating for some closing costs. In any event, the sales price is good news for the high end market in The Highlands.
One town home ( my listing) received an offer. This town home was originally priced at $435,000 and reduced to $419, 500 a couple of weeks ago. The offer is in the inspection phase.
Average market time remains at the 80+ days.
For a more complete picture of the Seattle market, check out my article on The Eastside Real Estate Buzz. I highlight several of the latest news reports on the Seattle marketplace. Seattle has the good fortune of being one of only 3 real estate markets in the country to have experienced appreciation this year. Overall area appreciation stands at 3.3%, indicating a softer market, but not a devastated one.
Happy Holidays and all the best in 2008!
Kirkland Highlands Real Estate Buzz
