Pending:  2(0)plus one town home

Closed Sales:   0(1)

Contingent sale: 0(0)

Number of Price Reductions:  1(0)

Cancelled listings 1(0)

Expired Listings 0 (0)

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

0-$349,999:   0(0)

$350,000-$499,999:   3(2)

$500,000-$749,999:    6(6)

$750,000-$999,999:   11(12)

$1,000,000- $1,499,999:   5(6)

$1,500,000- $2,999,999:   3(3)
———————————–
Average Price: $954,317($974,804)
Median Price:   $871,050 ($873,550)

Average Days on Market: 93(85)

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:

Average market time in The Highlands took a jump from 85 to 93 days, adding about a week to total market time. 

Two listings are now pending after spending a number of months on the market.  The home in Kirkwood Manor for $545,000 is one of the pending listings.  The other is a home in Forbes Creek, Waterwheel Park to be exact.  It had been on the market 155 days with an original asking price of $519,950.  The price was dropped to $498,950 before the home sold.  The neighborhood was built by Panterra Homes, a builder who was very active in Kirkland in the 1980′s.

The cancelled listing was in Altezza, the newer neighborhood off 112th, built by Grainger Construction.  The home, a large view property, had been priced at $1,499,000. 

The re-listed home is a rambler in Hidden Hills that has been beautifully updated.  It’s original price was $750,000 and it has come back on the market as a new listing with a reduced price of $712,000.

There are still 5 active town home listings in the Highlands.  The town home that was sold subject to inspection has completed the inspection process and is now pending.  (my listing)

I had an opportunity to go to NYC for Inman News Real Estate Connect and I’ll share some of what I learned about the real estate market, the economy, and technology on some of my other blogs.  I’ll provide links to these reports and  keep you in the loop.