Debra Sinick

Weekly Real Estate Buzz in The Kirkland Highlands Through May 28th, 2009

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, seniors, Weekly market update on May 29, 2009 at 4:15 pm

The real estate statistics below reflect the real estate activity in The Kirkland Highlands for the past week and all data is taken from the NWMLS through Thursday morning each week.  (Wednesday this week!)


View Larger MapThe map shows most of the outline of Kirkland’s Highlands neighborhood. The map address is simply for a street corner in the middle of the Kirkland Highlands. For those not familiar with the neighborhood, it’s a pocket of unique homes close to downtown Kirkland. In some ways it feels like an island, because it’s separated on the east by 405, the south by Central Way (the main route to downtown) and the west and north by the BNSF railroad tracks. The neighborhood has the best of both worlds, a little isolation without any through traffic, but just seconds from everything.

The map shows most of the outline of Kirkland’s Highlands neighborhood. The map address is simply for a street corner in the middle of the Kirkland Highlands. For those not familiar with the neighborhood, it’s a pocket of unique homes close to downtown Kirkland. In some ways it feels like an island, because it’s separated on the east by 405, the south by Central Way (the main route to downtown) and the west and north by the BNSF railroad tracks. The neighborhood has the best of both worlds, a little isolation without any through traffic, but just seconds from everything.

Active Listings: 32 (30)

New listings: 2 (0)

Re-listed properties:  1 (0)

Pending inspection: 0 (0)

Pending: 0 (0)

Closed Sales: 0 (0)

Contingent sale: 0 (0)

Number of Price Reductions:  1 (1)

Canceled listings 1 (0)

Expired Listings: 0 (0)

Temporarily Off Market: 0 (0)

Price increase: 0(0)

Back on market: 0 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999: 1 (1)

$350,000-$499,999: 7 (6)

$500,000-$749,999:12 (12)

$750,000-$999,999: 8 (7)

$1,000,000- $1,499,999: 3 (3)

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $709,016 ($717,922)

Median Price of homes for sale: $710,950 ($713,250)

Average Days on Market: 91 (92)

Highest Priced Listing: $1,795,000 ($1,795,000)

Lowest Priced Listing: $299,950 ($299,950)

Townhomes/condos

3  town homes listed

1 town home sold and closed

Forbes Creek town home with 2 bedrooms, 1.5 baths.  It was priced at $339,950 and sold in ten days for full price.

The number of homes for sale in The Kirkland Highlands is starting to creep up as we are now firmly in the 30+ range of homes for sale.  The Kirkland Highlands  hit 30 homes for sale two weeks ago for the first time in months.   The price range of most homes for sale in The Kirkland Highlands, as you can see from the numbers above,  falls between $500-$1,000,000.

The home that has been relisted as a new listing, is now priced more than $50,000 higher than the old listing.  This is a newly built home.

One piece of real estate news that is  mortgage rates have gone up to about 4.91% per a report on Thursday’s MSNBC. At the same time, we must also remember an interest rate in the high 4′s or low 5′s is still incredible and at historic low’s.  Putting this increase into perspective, rates are still absolutely phenomenal.  I expect the increase in rates may affect refinances more than new buyers.

Enjoy the sun, have a great week, and help clean up Cedar View Park in the Kirkland Highlands on Sunday.


Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

Please log in to WordPress.com to post a comment to your blog.

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.