Sellers had a 9.6% chance of selling a home in Kirkland in May, 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.)

May, 2008             530 homes for sale, 51 sales,    9.6% chance of selling.

April, 2008           496 homes for sale, 42 sales,    8.4% chance of selling.

May, 2007          341 homes for sale, 107 sales,  31.3% chance of selling.

The chance of getting a home sold was pretty similar to April’s chances.  Both inventory and sales were up slightly.

Price, condition, price, condition.  The two most critical elements to getting a home sold.  Understand the marketplace and the competition. Find out how many homes are available in your price bracket.  Find out how these homes show.  Homes that show well and are perceived as a value when compared to the competition are the homes receiving the offers.

For a complete update on Eastside real estate, check out my eastside blog post.