Debra Sinick

Archive for March, 2008|Monthly archive page

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What were the Chances of a Home Selling in Kirkland, WA in February, 2008?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 13, 2008 at 1:45 pm

Sellers had a 12.5% chance of selling a home in Kirkland in February, 2008.

(Click on the link above to see a chart with Kirkland’s real estate trends for the last few years.  The chart shows trends for Kirkland, south of NE 116th St)

February, 2008     415 homes for sale, 52 sales,        12.5% chance of selling.

January, 2008       385 homes for sale,  38 sales,        9.8% chance of selling.

February, 2007     275 homes for sale,  82 sales,         29% chance of selling. 

 In Kirkland, south of NE 116th, there are now 30 more homes for sale than in January of this year.  Even though the inventory has increased, the number of sales this month increased by almost 3 %.  There are the 30 more homes on the market this month along with 14 more home sales.   I’ve seen more homes sell recently than I have seen in a while.  All price ranges have been represented with sales. 

 It still a tougher market out there, so here is my monthly speech!

For 2008:

  • Sellers must have the best home out there for the money.
  • Sellers must have the best marketing program to showcase their home. 
  • Sellers must be realistic and flexible with pricing.
  • Interest rates are fabulous.
  • Competition among buyers for homes will be less.
  • Buyers have a lot of great choices out there, the best in years.
  • Buyers will buy and homes will sell. 
  • The home that captures the buyer through great pricing and marketing will get the sale.

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Weekly Real Estate Buzz in The Kirkland Highlands through March 7th, 2008, Part Two

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, Weekly market update on March 10, 2008 at 4:16 pm

Update post-it

 Active Listings:   24(23)

New listings:  2(2) 
Sold subject to inspection:  2(1) 

Pending:  2(2)

Closed Sales:   2(1)

Contingent sale: 0(1)

Number of Price Reductions:  0(2)

Cancelled listings 0(0)

Expired Listings 0 (0)

Temporarily Off Market  0(0)

Price increase  0(1)

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0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    5(6)

$750,000-$999,999:   9(8)

$1,000,000- $1,499,999:   4(3)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $981,983($968,808)
Median Price:   $878,993(877,050)

Market: 91(90)

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

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

My analysis of this week’s real estate buzz:

There has been sales activity reported in the sold subject to inspection, pending and closed sales categories in both of the last two weeks.  Real estate sales have been happening in the Highlands. 

New listings:

$679,000 rambler with a view and updating

$1,095,000 for a remodeled  home on NE 104th with a view.

Homes receiving offers:

$659,000 an older home with a fabulous view. Lot value, originally priced over $1 million.

$699,000 Highland Creste, was priced at $759,000, on the market for 147 days.

Homes sold contingent:

(The buyer has to sell their home as a condition of the sale.)

None this week.

Homes that are pending sales:

(home sales in which the inspection has been satisfied)

$569,950 a remodeled midentry home on 111th.  Sold in 8 days.

$1,825,000 new construction on 112th with a view.  On the market for 178 days.

Price reductions:

None this week, the first time in a long time!

Closed sales:

(Homes in which the new owner has moved in!)

$375,000 rambler in Edwards Place. Originally priced at $424,900, reduced to $414,900 before receiving an offer. On the market for 61 days. Sold for 12% below the original asking price.

$575,000 remodeled tri-level in Hidden Hills, originally priced at $675,000, final list price of $579,000. On the market for 86 days. Sold for 15% below the original asking price.

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Town homes/condos

5 homes currently on the market

New listings:

$688,888 Highland Pointe two story

Sold subject to inspection:

$599,950  town home in Highpointe

Pending:

$610,000 town home in Highpointe

Price reduced:

$499,000 from $549,999 a free standing town home on NE 87th

Town home/ condo activity is the strongest it’s been in a while.  It’s nice to see some of the listings with long market times now selling.

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Weekly Real Estate Buzz in The Kirkland Highlands through March 7th, 2008

In Kirkland News, Kirkland WA, market statistics, Real estate, sellers, Weekly market update on March 10, 2008 at 6:51 am

Part one through February 29th, Part Two to follow.

This post is late for a two reasons;

Visiting family and fighting with my computer/Wordpress to finish these posts!  It has been a struggle, but here goes:

Update post-it

 Active Listings:   23(23)

New listings:  2(0) 
Sold subject to inspection:  1(1) 

Pending:  2(0)

Closed Sales:   1(0)

Contingent sale: 1(0)

Number of Price Reductions:  2(0)

Cancelled listings 0(0)

Expired Listings 0 (0)

Temporarily Off Market  0(0)

Price increase  0(1)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    6(5)

$750,000-$999,999:   8(8)

$1,000,000- $1,499,999:   3(4)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $968,808($1,oo7,571)
Median Price:   $877,050(880,953)

Market: 96(90)

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

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

My analysis of this week’s real estate buzz:

This week the number of listings is the same as last week, with 23 homes on the market.  One home  received an offer, two are pending sales, one closed, and there were two new listings and two price reductions. Market time has increased by almost a week, although there has been more sales activity than we have seen in the Highlands in the last few months.

New listings:

$674,950 in Waterwheel Park, Forbes Creek, a Panterra build 2290 sq. ft two story with the garage finished into living space.  This home has wonderful street appeal and is right across from the tennis courts.

$869,000 two story on NE 100th, built in 2001 with 3200+ sq ft. 

Homes receiving offers:

$569,950 for a mid-entry home with extensive remodeling.  It was on the market for 2 days.

Homes sold contingent:

(The buyer has to sell their home as a condition of the sale.)

$1,499,000 Altezza daylight rambler, 3630 sq. ft. with a view.

Homes that are pending sales:

(home sales in which the inspection has been satisfied)

$414,900 rambler in Edwards Place.

$712,900 remodeled rambler in Hidden Woods.

Price reductions:

$722,000 Highland Creste home reduced from $749,000.

$949,000 newer two story on NE 87th down from $989,000.

Closed sales:

(The new owner has taken ownership)

$545,000 tri-level in Hidden Woods. Sold for full price.

Cancelled listings:

None this week.

Back on the market:

None this week

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Town homes/condos

Four condos/town homes are currently on the market.

Sold subject to inspection:

$610,000 town home in Highland Pointe

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Coming soon: The New and Improved Lake Washington High School in Kirkland, Washington

In Kirkland News, Kirkland WA, Schools on March 7, 2008 at 9:00 pm

Lake Washington High School

For those of you who were not able to make last night’s hearing on Lake Washington High School in Kirkland, Washington, here is a great article from The Seattle Times which gives an overview of the new high school building coming in 2011. Construction of the new school is scheduled to begin exactly a year from now.  The City of Kirkland has the master plan for the school available online.

 Exciting changes are being incorporated into the new structure that will be state of the art and allowing the school to accommodate any need for future changes.  The new high school will be built around a central commons, have a performing arts center, and flexible, high-tech classrooms.  With space planned to accommodate over 1200 students, the new school building will be 210,000 square feet with three separate wings off a central commons, two gyms, and a 400 seat performing arts center.  Northstar Junior High will also be on the school campus.

What’s also exciting is the current teaching staff and administrators gave input into the planning and design of the school.  It should prove to be a “real world” school.

Go Kangs!

Lake Washington Kangs

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