Pending:  0(1)

Closed Sales:   1(0)

Contingent sale: 0(0)

Number of Price Reductions:  1(2)

Cancelled listings 1(1)

Expired Listings 0 (0)

Temporarily Off Market  1 (0)

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

0-$349,999:   0(0)

$350,000-$499,999:   4(3)

$500,000-$749,999:    7(8)

$750,000-$999,999:   8(9)

$1,000,000- $1,499,999:   5(4)

$1,500,000- $2,999,999:   3(2)
———————————–
Average Price: $957,088 ($908,512)
Median Price:   $873,550($860,800)

Average Days on Market: 76(83)

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

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

My analysis of this week’s real estate buzz:

The three “new” listings of the week are both re-listed properties, homes previously on the market.  One is a new construction listing that had been on the market for most of last year.  It’s come back on the market at a slightly higher price, up $50,000 to $1,800,000.  Builders increase asking prices because their costs increase each month a finished home sits on the market.   The second re-list is priced at $1,499,950 after having been on the market last year for a few months.  The median list price is higher this week because of these two homes.

The last “new” listing of the week has actually been on the market for about 6 months.  It’s being marketed as a home or a lot with the potential for building.  It’s priced at $440,000.

There were no sales of single family homes this past week.  However, a condo  received an offer.  This listing is actually a small home located on NE 87th next to the new construction.  It comes with a terrific view.

A listing is TOMK, temporarily off the market, a listing category we have not seen recently. The seller is having work done on the home this week while the home is off the market.  When the work is complete, the home will go back on the market as an active listing.

A listing over in Hidden Hills had another price reduction, down from its original price of $675,000 to $579,000.  A contemporary home, which had come on the market last May at $879,000 is now off the market, after a final asking price of $799,950.

The closed sale of the week was for a bank repo that sold for $600,000. It was originally priced at $698,000, a 15% price reduction.

 Have a great week and don’t forget about the Design Review Board Meeting at City Hall on Monday night.  It’s a chance for you to let your thoughts be known about Kirkland’s Parkplace.