Debra Sinick

Archive for August 14th, 2008|Daily archive page

What Were The Chances of Selling A Home in Kirkland, Washington in July, 2008?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA on August 14, 2008 at 11:29 am

Sellers had a 10% chance of selling a home in Kirkland in July, 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.)

July, 2008              508 homes for sale, 51 sales, 10% chance of selling.

June, 2008             491 homes for sale, 81 sales, 16.6% chance of selling.

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

July, 2007             366 homes for sale, 82 sales,   22.4% chance of selling.

 ”It will be interesting to see how July plays out and if a trend is happening here.”  This last statement is from the comments I made in my report  on the chances of selling a home in June, 2008 in Kirkland, Washington.  Unfortunately, I don’t see the trend playing as I would’ve hoped.  July  was not a stronger month for selling in Kirkland than June.  July’s absorption rate, the chances of selling a home, is very similar to May’s absorption rate.  So far, the peak of activity in Kirkland real estate sales has been in June of this year. 

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

Weekly Real Estate Buzz in The Kirkland Highlands Through August 14th, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on August 14, 2008 at 10:42 am

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

Active Listings:  27 (29)

New listings:  0  (1)

Re-listed properties: 2  (0)

Pending inspection:  2 (1) 

Pending:  0 (1)

Closed Sales: 0   (0)

Contingent sale:0  (0)

Number of Price Reductions:0 (2)

Cancelled listings 2  (0)

Expired Listings:0  (1)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market: 0 (0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999: 5 (4)

$500,000-$749,999:    8 (9)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:  3 (4)

$1,500,000- $2,999,999:   2 (3)
———————————–
Average Price: $805,706 ($846,948)

Median Price:   $849,950 ($852,052)

Average Days on Market: 87 (82)

Highest Priced Listing: $1,632,000 ($1,650,000)

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

There were no closed sales this week.  Two sellers cancelled their listings, re-listed the homes, and the homes are now pending inspection with offers this week. The amount of homes for sale in The Kirkland Highlands does not vary all that much from week to week.  There seems to be a pattern of a few new listings and a few new sales each month, so the overall inventory remains somewhat constant.

Town homes/condos:

5 active town home/condo listings

One town home listing in HIghland Creek off NE 87th was cancelled and the home is now off the market. 

Follow

Get every new post delivered to your Inbox.