The hot price range of the week in Kirkland?   $700-799,999

• Most number of home sales in Kirkland: $700-799,999  5 sales
• Most number of homes for sale:  $1,000,000-1,499,999   40 homes for sale

• There were 325 homes for sale in Kirkland and 13 homes sold last week.
  

• Most number of homes for sale in the last 7 weeks:  2-17-10,  325 homes for sale.
• Highest number of homes sold in Kirkland in the last 7 weeks:  1-20-10,  with 24 homes sold.

• Peak  of homes and condos for sale in King County in 2009?
• July 27th marked a high of 13,861 homes and condos for sale in King County.

• Week of 2-16-10   11,333   The numbers are creeping up, following the yearly typical pattern.
  

Remember, there are less than 70 days left to use the home buyer’s tax credit. Most buyers who purchase a home for less than $800,000 are eligible for the tax credit, not just first time home buyers.  Since Kirkland home sales are up, if you’re going to sell your home, do it soon, so you can take advantage of the increase in buyer activity.

Buyers will benefit from the 2010 home buyer tax credit and great interest rates. Home buyers and sellers both can benefit in this real estate market, something which is rare in the last few years.

Kirkland Real Estate WA Sales 2-17-10

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 1.9 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.