Debra Sinick

Weekly Real Estate Buzz in the Kirkland Highlands through April 4th, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, Weekly market update on April 6, 2008 at 12:02 pm

Update post-it

(WordPress, the platform for this blog, came out with a redesigned platform on Friday and I have been fighting with it since then.  So if the topics are not lined up well, this is why.  I was speaking with a Highlands neighbor this morning, who said to publish this anyway and let everyone know why it looks even a bit messier than usual! So, here goes this week’s update)

Active Listings:   26(24)

New listings:  2(1) 

Re-listed properties: 1(7)

Sold subject to inspection:  1(0)  

Pending:  1(1)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:  0(1)
Cancelled listings 0(1)
Expired Listings 1(0)
Temporarily Off Market  0(0)
Price increase  0(0)
Back on market 0(0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:   1(2)

$500,000-$749,999:    8(6)

$750,000-$999,999:  10(11)

$1,000,000- $1,499,999:   4(2)

$1,500,000- $2,999,999:   3(3)
———————————–
Average Price: $961,678($945,394)
Median Price:   $875,300(868,300)

Market: 50(46)

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

Lowest Priced Listing: $489,000 ($440,000)

My analysis of this week’s real estate buzz (through midday Friday):
 This week there are two listings and one home that has been re-listed.  One home is sold subject to inspection, so the next step will be an inspection of the property. One home is now a pending sale and one home sale is closed.   The closed sale of the week, in which we know its sale price, sold for 9% below the original asking price.  Nine percent below the original asking price is not all that unusual in our current market.

New listings:

$629,000 daylight rambler with a view on 116th with a large lot.

$1,200,000 two story built in 2004 with 3100+ square feet, 5 bedrooms and 3.5 baths. 

Homes receiving offers:

(homes in which an offer has been made, but is now going through a building inspection)

$799,950 contemporary two story with 2235 square feet and a view.

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)

$869,000 two story with 3210 square feet, built in 2001

Closed sales:

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

$1,060,000 two story home built in 1996 with 4 bedrooms, 2. 5 baths, and 3190 square feet.  Original asking price of $1,175,000. Sold for 9% below asking price.

Cancelled listings:

None at this time

___________________________________________________

Town homes/condos

6  town homes currently on the market

New listings:

Sold subject to inspection:

Pending:

Price reduced:

Closed sales:

No new activity in the above categories.

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