(data from NWMLS) numbers in red are from the past week

 Active Listings:   25(27)

Pending:  3(0)

Closed Sales:   0(0)

Contingent sale: 0(0)

Number of Price Reductions:  1(2)

Cancelled listings 0(0)

Expired Listings 0 (0)

Temporarily Off Market  0(0)

Price increase  0(1)

———————————–
Number of homes available:    25(27)

0-$349,999:   0(0)

$350,000-$499,999:   3(4)

$500,000-$749,999:    5(6)

$750,000-$999,999:   8(8)

$1,000,000- $1,499,999:   5(5)

$1,500,000- $2,999,999:   4(4)
———————————–
Average Price: $1,045,966 ($1,015,798)
Median Price:   $884,205($880,935)

Average Days on Market: 88(78)

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

Lowest Priced Listing: $440,000($414,900)

My analysis of this week’s real estate buzz:

This week there’s more real estate sales activity, which is typical of the late winter-early spring market.  However, pricing is still very critical. This week’s sales are for homes under $1,000,000, with new construction as the most expensive sale priced at $925,000.

New listings:

None this week

Homes receiving offers:

$414,950 Edwards Place rambler with 1110 sq ft, originally priced at $424,950.

$712,500 Hidden Hills rambler, beautifully updated on a gorgeous lot, came back on the market after being priced in mid 700’s and received an offer this week.

Homes that are pending sales:

(home sales in which the inspection has been satisfied)

$579,000 Hidden Hills remodeled tri-level, which had originally been $675,000.

$699,950 Mid century modern home originally priced at $759,950.

$925,000 for new construction with 3700 sq ft in Solus in the Highlands.

Price reductions:

$1,999,999 for a home above 112th Ave NE  just listed last week at $2,150,000.

Closed sales:

(The new owner has taken ownership)

None this week, but with 2 sold this week and 3 pending sales, closed sales are coming!

Condos/Town homes:

Five town homes currently on the market, ranging from $440,000 up in Forbes Creek to 3 homes in Kirkland’s Highpointe priced from $599,000-$610,000.  The most expensive town home in the Highlands is priced at $689,000, after having been priced in the mid 700’s.

Have a great Presidents Day weekend.