It’s been a quieter two weeks for real estate in Kirkland. I think Kirkland home buyers and sellers were busy with family and turkey! The number of Kirkland Highlands homes for sale has remained fairly steady, but there were no home sales in the last couple of weeks.  

The first time home buyer tax credit has been expanded and extended, which is great news for home sellers.  If you plan to make a move and are buying a home under $800,000, then you may be eligible to receive a tax credit.

If you’re thinking of making a move next year, early in the year may be better because of the tax credit, the low interest rates, and less competition.  If you look below, you’ll see we’re close to the smallest number of properties for sale in 2009.  More people will think about selling their homes as the year heads into spring and summer.  Selling a home then will be more competitive than now.

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.

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: 23 (22)

New listings: 0 (0)

Pending inspection: 0 (0)

Pending: 0 (4)

Closed Sales: 1 (1)

Number of Price Reductions: 0  (1)

Price increase: 0(0)

Homes off the market that did not sell: 2 (1)

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0-$349,999: 1 (1)

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

$500,000-$749,999:  8 (7)

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

$1,000,000- $1,499,999: 1 (0)

$1,500,000- $2,999,999: 0 (0)
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Average Price of homes for sale: $667,906($653,891)

Median Price of homes for sale: $699,990 ($709,470)

Average Days on Market:  137 (152)

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

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

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Closed Sales:

$630,000 last asking price $649,900 , original asking price $749,900, sold in 113 days for 16% below the original asking price.

7-27-09  13,861

Now:

11-30-09 11,797  The number is getting lower and lower!  The smallest number of homes and condos for sale since January of this year!

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6 Town homes on the market

1 pending town home sale