Debra Sinick

Archive for August 1st, 2008|Daily archive page

Weekly Real Estate Buzz in The Kirkland Highlands Through July 31st, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on August 1, 2008 at 1:02 pm

(Numbers in parentheses are for last week’s data.  This week’s data is reported through Thursday each week.)

Active Listings:  29 (28)

New listings:  3 (1)

Re-listed properties: 2  (1)

Pending inspection:  1 (2) 

Pending:  1 (0)

Closed Sales:  1  (1)

Contingent sale:1 (1)

Number of Price Reductions:3 (2)

Cancelled listings 1 (0)

Expired Listings:3  (1)

Temporarily Off Market:  1 (0)

Price increase:  0(0)

Back on market: 1 (0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999: 5 (6)

$500,000-$749,999:    8 (5)

$750,000-$999,999:  8 (8)

$1,000,000- $1,499,999:  5 (6)

$1,500,000- $2,999,999:   3 (3)
———————————–
Average Price: $839,242 ($865,468)

Median Price:   $852,052 ($864,103)

Average Days on Market: 77(82)

Highest Priced Listing: $1,650,000 ($1,750,000)

Lowest Priced Listing: $362,500 ($362,500)

The closed sale of the week was north of NE 100th.  The 1 1/2 story home sold for $486,000, with a list price of $524,950 and an original asking price of $529,950. Sold in 65 days for 9% below the original asking price.

Each of the homes with new reduced prices this week had been on the market for more than a few weeks before the sellers adjusted the pricing.

Town homes/condos:

5 Active town home/condo listings

One price reduction for a town home on the market for less than a week before dropping the price by $10,000.

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