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

New listings:    1 (0)

Pending inspection:   0 (0)

Pending:   0 (0)

Closed Sales:    0 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 1 (0)

Cancelled listings  0 (0)

Expired Listings: 0 (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (1)

Rented: 0 (0)

———————————–

0-$349,999:  1  (1)

$350,000-$499,999: 6 (6)

$500,000-$749,999: 10 (10)

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  2 (2)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $720,032 ($702,136)

Median Price:   $684,000 ($699,000)

Average Days on Market: 126 (123)

Highest Priced Listing: $1,599,000 ($1,599,000)

Lowest Priced Listing: $325,000 ($345,000)

The eastside inventory continues to decline and the number of sales are also slowing down.  However, the Highlands has been even quieter than most eastside areas. Kirkland homes, in general, are taking a longer time to sell than some other eastside areas.  This may be because we have a lot of homes priced in the million dollar range that have been built over the last decade and are now for sale.   This week’s new listing in the Highlands falls in that price range. The large number of these homes for sale is affecting the sales numbers each month in Kirkland. Right now, out of approximately 500 homes for sale south of NE 116th in Kirkland, 200 are priced over $1million with the majority of these between $1-2million.  This is not to say all homes for sale are over a million dollars, just that there are a high number of such homes on the market in Kirkland.  North of NE 116th, a different MLS area, there are many more homes in the more affordable price ranges.

If you are willing to beat, not meet, the competition in the market place, then keep your home on the market.  If you’re not willing to be priced better than everyone else,  stay out of the market for now.  My words are similar to last week, but much stronger. This is not the time to mince words and only those who need to make a move and sell, and who are ahead of all the other homes in terms of pricing should consider being on the market.

Townhomes/condos

1 Active town home listed