The real estate statistics below reflect the activity in The Kirkland Highlands for the past two weeks. All data is taken from the NWMLS through Thursday morning.   Sometimes less data is more, I’ve simplified the updates to include the most important information about real estate sales in Kirkland.

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.

Numbers in parentheses are from the last report:

Active Listings: 30 (29)

New listings: 2 (3)

Pending inspection: 1 (3)

Pending: 1 (5)

Closed Sales: 1 (2)

Number of Price Reductions:  4  (9)

Price increase: 0(0)

Homes off the market that did not sell: 1 (0)

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0-$349,999: 1 (1)

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

$500,000-$749,999:  12 (11)

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

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

$1,500,000- $2,999,999: 0 (0)
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Average Price of homes for sale: $722,220 ($735,352)

Median Price of homes for sale: $707,975 ($718,950)

Average Days on Market:  117 (108)

Highest Priced Listing: $1,400,000 ($1,255,000)

Lowest Priced Listing: $285,000 ($299,000)

The good news is homes are starting to sell in Kirkland. We’re still seeing price reductions from the $300,000 range up to the $700,000 price point in the past two weeks.   The reductions were hefty, ranging from $100,000 to $31,000.

Edwards Place, which is priced in the 300′s has had two sales recently.  Market time is increasing a bit, it was 94 days a few weeks ago and it’s now around 117 days.

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Peak in the number of homes for sale in 2009:

7-27-09  13,861

9-14-09  13,357

Don’t forget, the first time buyer $8000 tax credit is going away soon. First time home buyers must close on a home purchase no later than November, 30th, 2009 to be eligible for the tax credit.  This means it’s best to purchase a home no later than mid-October in order to close on time.