More good real estate news in Kirkland and King County.   Homes are selling in The Kirkland Highlands, as three home sales recently closed.  The number of properties for sale in King County is the lowest since March, 2nd!

The Kirkland Highlands Real Estate Buzz post reporting on the latest real estate activity in the neighborhood has moved from Fridays to Mondays.  The “Hot Price of the Week” post will now be at the end of the week instead.

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 Monday morning.

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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: 29 (30)

New listings: 1 (0)

Pending inspection: 0 (0)

Pending: 1 (1)

Closed Sales: 3 (3)

Number of Price Reductions:  1  (4)

Price increase: 0(0)

Homes off the market that did not sell: 3 (2)

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0-$349,999: 1 (1)

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

$500,000-$749,999:  11 (12)

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

$1,000,000- $1,499,999: 3 (2)

$1,500,000- $2,999,999: 0 (0)
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Average Price of homes for sale: $702,212 ($682,938)

Median Price of homes for sale: $699,990 ($695,975)

Average Days on Market:  142 (129)

Highest Priced Listing: $1,298,800 ($1,298,000)

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

Three closed sales this week:

$295,000 Original list price of $319,999, final list price of $319,999, sold in 25 days, 8% below the original asking price.

$615,000  Original list price of $749,950, final list price of $624,999, sold in 113 days, 18% below the original asking price.

$664,000 Original list price of $684,000, final list price of $684,000, sold in 51 days, 3% below the original asking price.

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Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

10-19-09 12,977

There’s been a huge drop in the number of homes and condos for sale in King County as we head towards the winter.  Hmm…maybe it’s a good time to think about selling because there’s less competition!