The hot price range of the week in Kirkland?   $400-$499,999 and $500-$599,999

• Most number of home sales in Kirkland: $400-$499,999 and $500-599,999,  5 sales each.
• Most number of homes for sale $1,000,000-1,499,999:  51 homes for sale. There were 60 homes for sale a few weeks ago and the drop is significant.
• Highest number of home sales in Kirkland in the last 7 weeks:   10-7-09 when 24 homes sold.
• There were 372 homes for sale in Kirkland and 20 homes sold last week.  The number of homes for sale in Kirkland is slowly, but steadily, dropping each week.  It’s good to see Kirkland home sales happening in both the affordable price range and the high end.  Some weeks, the more expensive homes are selling better than the more affordable ones.  Other weeks, it’s the reasonably priced homes that are moving.
  

• Peak  of homes and condos for sale in King County so far this year?
• July 27th marked a high of 13,861 homes and condos for sale in King County.

• Week of 11-02-09   12,186  homes and condos for sale in King  County, the smallest number since January of this year.

With the drop in inventory, properties for sale, and the increase in sales, this is a good time to think about selling your home.  If you are thinking of making a move in the spring, there’s likely to be more homes and condos for sale, meaning more competition to sell.

Kirkland Home Sales, 11-18-09

This chart is updated weekly by (Windermere Real Estate/East, Inc., using MLS data) to show the price ranges of the homes sold each week.  Here’s how it’s set up:The colors show who has the advantage in a particular price range.

• Green means the buyer has the advantage with many homes to choose from and not that many selling.
• Yellow means the number of homes for sale and the number of sales in the price range is balanced between the buyer and the seller.
• Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.

Across the top, the chart is broken down into real estate activity by the week.

If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in Kirkland.  The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale.  In other words, if no other homes came up for sale, it would take an average of 3 months to sell all the homes in the $400-499,999 price range.

The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.