The drop in the number of homes and condos for sale in King County continues.   We have not seen these numbers since early February. Hmm…maybe it’s a good time to think about selling because there’s less competition!  Plus, the first time home buyer tax credit is looking like it may be extended and expanded to include other buyers!

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: 25 (29)

New listings: 1 (1)

Pending inspection: 2 (0)

Pending: 0 (1)

Closed Sales: 0 (3)

Number of Price Reductions:  2  (1)

Price increase: 0(0)

Homes off the market that did not sell: 5 (3)

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0-$349,999: 1 (1)

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

$500,000-$749,999:  9 (11)

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

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

$1,500,000- $2,999,999: 0 (0)
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Average Price of homes for sale: $656,175 ($702,212)

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

Average Days on Market:  141 (142)

Highest Priced Listing: $1,250,000 ($1,298,000)

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

There were no closed sales this week:

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Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

11-2-09 12,324