Pending:  1(2)

Closed Sales:   0(1)

Contingent sale: 0(0)

Number of Price Reductions:  2(4)

Cancelled listings 1(0)

Expired Listings 0 (2)

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

0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    8(8)

$750,000-$999,999:   9(9)

$1,000,000- $1,499,999:   4(4)

$1,500,000- $2,999,999:   2(2)
———————————–
Average Price: $908,512 ($907,797)
Median Price:   $860,800 ($860,800)

Average Days on Market: 83(92)

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

Lowest Priced Listing: $414,900($424,000)

(data from NWMLS)

My analysis of this week’s real estate buzz:

The Highlands’ least expensive home for sale just became an even better buy.  It was priced at $424,900 for about a month and is now 10k less than the original list price.  It’s The Highlands’ best buy right now. 

Our two “new” listings this week are homes that have been on the market previously and are listed as new listings.  One home is a rambler now listed for $489,950.  It had been on the market for 4 months last year priced in the 500′s.  The other home is new construction priced at $1,199,950.

Last week’s sale of $1,175,000 is now pending.  The sales price will become public information when the sale closes.

There was one price reduction that almost did not show up on the radar.  The price for this home has been hovering around the $750,000 range, with small price changes taking place over different weeks.

One listing came off the market after being listed since the summer.  It had originally been priced at 500k and had been reduced to $460,000. With a few listings coming off the market over the last couple of weeks, market time has dropped back down to 83 days.

The condo/town home market remains the same as last week.

 For more of a review of the Eastside 2007 real estate market and the Kirkland real estate market, you can check out my previous posts.

Have a great week!  I have some terrific shots of the views from the “sunny” Highlands that I will post.  The sun may be gone temporarily, but it is not forgotten.