Debra Sinick

Archive for March, 2010|Monthly archive page

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Latest Real Estate Buzz in Kirkland Highlands WA, 3-29-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on March 30, 2010 at 1:07 pm

The number of Kirkland Highlands homes for sale has jumped up by a lot over the past two weeks. Just a month ago, there were only 18 homes available for sale in Kirkland’s Highlands, today there are 26, which is a 31% increase.    The biggest increase in the number of homes for sale falls into the $500-750,000 price range.   A month ago, there were 8 homes for sale and now there are 13. Because there are so many new listings on the market in the Kirkland Highlands,  the market time, the time to get a home sold, has dropped considerably.

King County has added exactly 3000 properties for sale as more home sellers are trying to capture the home buyer tax credit and the usually stronger Seattle spring real estate market. 

There is strong real estate activity in Kirkland as 7 home sales have closed in the last month.  Right now, there are about 30 days to use the home buyer tax credit.

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 of this week.


View Larger Map

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 corridor. 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: 26 (20)

New listings: 6 (4)

Pending inspection: 0 (3)

Pending: 2 (2)

Closed Sales: 1 (5)

Number of Price Reductions: 3  (1)

Price increase: 0(0)

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

———————————–

0-$349,999: 2 (1)

$350,000-$499,999: 6 (4)

$500,000-$749,999:  13 (10)

$750,000-$999,999: 5 (5)

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $597,280 ($623,850)

Median Price of homes for sale: $584,000 ($683,300)

Average Days on Market:  57  (82)

Highest Priced Listing: $881,500 ($881,500)

Lowest Priced Listing: $290,000 ($349,950)

________________________________

Closed Sales:

Sales price: $663,000, Last asking price: $674,000, Original asking price: $789,990, sold in 86  days for 17% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

5 town homes for sale

1 price reduction

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Now:

3-2-10  12,726  exactly  3000 more homes on the market than the first of the year.  Each week, except one, has shown an increase in the number of homes for sale.

Properties for sale in King County WA

King County Real Estate, 3-29-10

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Hot Sales Price of the Week For Kirkland WA Homes, 3-24-10

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on March 26, 2010 at 6:55 pm

Kirkland home sales, hot price range of the week:  $500-599,999.

  • Most number of home sales in Kirkland: $500-599,999  4  sales
  • Most number of homes for sale:  $1,000,000-1,499,999   47 homes for sale.
  • Home sales happened in all price ranges below $1,499,999 with the exception of $800-899,999.
  • There were 352 homes for sale in Kirkland and 17 homes sold last week.
  • Most number of homes for sale in the last 7 weeks:  this week, 3-25-10   352 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:  3-10-10 with 22 sales.

  • 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.
  • 1-4-10 9726
  • 3-22-10   12,515
Home Sales in Kirkland WA 3-24-10

Kirkland, WA Real Estate Sales, 3-24-10

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 2.2H 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.

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Looking Forward To Kirkland’s Metropolitan Market

In Kirkland News, Kirkland WA on March 23, 2010 at 5:17 am

I know Kirkland’s Metropolitan Market will be in Houghton, not in the Kirkland Highlands, but I think they’ll let those of us who live in the Highlands shop at the market, so I have to tell you how impressed I was with Queen Anne’s Metropolitan Market.

I was in Seattle on Friday for Seattle’s Real Estate Bar Camp, a learning, not a bar tending class, and grabbed lunch over at the market.  They had the best cheese, deli, and take out sections I’ve ever seen. Food, glorious food.   I’m very experienced in take out food, so I know good when I see it. Great choices in hot food, cold food, soups, sandwiches, you name it.   The market is a great addition to Kirkland.

Seattle's Metropolitan Market

Cheese Counter at Seattle's Metropolitan Market

Seattle's Metropolitan Market

Coffee Bar at Seattle's Metropolitan Market

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Hot Sales Price for Kirkland, WA Homes 3-17-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 22, 2010 at 1:07 pm

Okay, I am a bit late with my “hot” Kirkland real estate updates, but it’s been a busy real estate world coupled with the fact that I spent all day Friday at Seattle’s Real Estate Bar Camp.  No, it’s not a camp or a bar, although someone thought I might be learning how to make martinis!  Bar Camp is a great way to learn the latest real estate technology.  Believe me, my head was swimming, but I came away with a lot of great information, which I hope to use in my real estate business.

By the way, King County real estate was hopping last week:

Second best week in King County since 07-18-07.  Year to date sales up 64%
Second best week on the Eastside since 07-18-07 .  Year to date up 98%!!

Kirkland home sales, hot price range of the week:  $600-799,999.

  • Most number of home sales in Kirkland: $600-699,999  4  sales
  • Most number of homes for sale:  $1,000,000-1,499,999   42 homes for sale just squeaking by two other prices ranges with 41 homes for sale.
  • There were 340 homes for sale in Kirkland and 15 homes sold last week.  Fifteen more homes were for sale and 7 less homes sold this past week than the previous week.
  • Most number of homes for sale in the last 7 weeks:  this week, with 340 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:  3-10-10 with 22 sales.

  • 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.
  • 1-4-10 9726
  • 3-15-10   12,324
Real Estate Sales in Kirkland WA

Kirkland WA real estate, 3-17-10

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 2.1 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.

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Come on Down To Kirkland Highlands Neighborhood Meeting on March 17th

In Kirkland WA, rails to trails on March 16, 2010 at 9:09 pm

Wednesday, March 17

Highlands Neighborhood Meeting

7 pm
Maintenance Center

915 8th St.

* Presentation about the railroad trail status- hear about the benefits of a trail for the whole eastside along the BNSF corridor.

* Discussion with Chief of Police Eric Olsen: working together effectively with our police department.
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Kirkland Highlands Cotton Hill Park path

Kirkland Highlands WA Cotton Hill

Saturday, March 20
Cotton Hill Park Planting Event
9 – noon
Join Earthcorps, Green Kirkland, UW-REN and your neighbors for another
FUN planting event!
Bring water bottle, gloves, wear boots, and dress for the weather
Tools provided

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What Were The Odds of Selling Your Kirkland WA Home in February, 2010?

In Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 16, 2010 at 4:07 pm
Kirkland WA Real Estate Sales

Kirkland WA Real Estate, February 2010

February, 2010       315 homes for sale,        65 home sales                 21% odds of selling a home.

January, 2010         316 homes for sale,        (now 65) 72 home sales      (now 20.5%)  23% odds of selling a home.*

February, 2009        448 homes for sale         27 home sales                  6 % odds of selling a home.

*(Reflects the revised percentage of homes sold because some home sales failed.)

The odds of selling is another way to characterize the “absorption rate” in which we take the number of homes sold in a particular month and divide it by the number of homes on the market. This number tells us what the odds are that a home will sell.

If you click on this link, you’ll see the MLS charts which show the real estate trends, including median price, for the past five years in Kirkland.

Where’s Kirkland WA?


View Larger Map

The odds of selling a home in Kirkland was 21%, far better than last year, when only 6% of Kirkland homes sold. February real estate sales in Kirkland were almost exactly the same as January.  However, home sales were up by 106%.  Prices have dropped considerably from last year, by 21%. With the lower prices, the silver lining is more homes are selling as buyers are more confident that Kirkland home values are more realistic than in the past.

As is typical with spring in Seattle neighborhoods, more homes are coming up on the market. In the first two weeks of March, there’s been a jump in the number of homes for sale.  Expect that trend to continue.  I’ll talk about it in next month’s report when we have all the real estate numbers available for March, which will be no sooner than the first week of April.

The crunch is on to capture the last few weeks for the 2010 home buyer’s tax credit, so I expect Kirkland home sales to continue to be strong into April.

For the complete picture of Seattle-eastside real estate, check out the February blog post on eastside real estate buzz and also take a look at The Seattle Times assessment of Seattle area real estate.

What’s happening with real estate where you live?

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Latest Kirkland Highlands WA Real Estate Buzz, 3-15-10

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 15, 2010 at 5:35 pm

The number of Kirkland Highlands homes for sale has crept up, but only slightly at this point.  We’re still at the lower end with the number of homes for sale.  The number of King County properties for sale is jumping up as more home sellers are trying to capture the home buyer tax credit and the usually stronger Seattle spring real estate market.  You can see these numbers in the chart below.

I’m pleased to see so many sales closing as there were 5 Kirkland Highlands homes that closed the past two weeks, the most we’ve seen in a long time.  Right now, there are less than 46 days to use the home buyer tax credit.

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 of this week.


View Larger Map

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 corridor. 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: 20 (18)

New listings: 4 (0)

Pending inspection: 3 (1)

Pending: 2 (2)

Closed Sales: 5 (0)

Number of Price Reductions: 1  (0)

Price increase: 0(0)

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

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0-$349,999: 1 (1)

$350,000-$499,999: 4 (4)

$500,000-$749,999:  10 (8)

$750,000-$999,999: 5 (5)

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $623,580 ($620,286)

Median Price of homes for sale: $679,973($683,300)

Average Days on Market:  82  (63)

Highest Priced Listing: $881,500 ($881,500)

Lowest Priced Listing: $349,950 ($299,000)

________________________________

Closed Sales:

Sales price: $460,000, Last asking price: $499,000, Original asking price: $499,000, sold in 86  days for 8% below the original asking price.

Sales price: $475,000, Last asking price: $465,000, Original asking price: $465,000, sold in 21 days for about 2% above the original asking price.

Sales price: $625,000, Last asking price: $719,000, Original asking price: $829,000, sold in 282 days for 14% below the original asking price.

Sales price: $845,000, Last asking price: $898,000, Original asking price: $1,100,000, sold in 253 days for about 24% below the original asking price.

Sales price: $899,000 Last asking price: $899,000, Original asking price: $1,259,000, sold in 438  days for 29% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

5 town homes for sale

1 pending sale

1 price reduction

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Now:

3-2-10  12,324

Number of Properties in King County WA for sale 3-15-10

King County WA Homes and Condos for Sale, 3-15-10

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Hot Sales Price for Kirkland WA Homes, 3-10-10

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on March 14, 2010 at 8:40 pm

Kirkland home sales, hot price range of the week:  $400-499,999.

  • Most number of home sales in Kirkland: $400-499,999  7  sales
  • Most number of homes for sale:  $600-$699,999 and $1,000,000-1,499,999   41 homes for sale (third week in a row with 41 homes for sale in the million dollar range.
  • There were 325 homes for sale in Kirkland and 22 homes sold last week, another good week.
  • Most number of homes for sale in the last 7 weeks:  2-17 and 3-10-10,  325 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:  This week with 22 sales.

  • 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.
  • 1-4-10 9726
  • 3-8-10   12,066

Kirkland Home Sales, 3-10-10

Kirkland Real Estate Sales, 3-10-10

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 2.0 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.

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Sidewalks are Coming to 116th Ave NE in The Kirkland Highlands

In Kirkland WA on March 8, 2010 at 4:52 am

Finally!  The “S-curves” on 116th Ave NE in the Kirkland Highlands are getting sidewalks.  The project has begun.

Kirkland WA Highlands sidewalk development on 116th

116th Ave NE in Kirkland, WA's Highlands neighborhood

Here’s what’s happening:

What: Installation of approximately 1,900 feet of concrete curb, gutter, sidewalk, and street trees along the east side of 116th Avenue NE from the existing sidewalk at NE 94th Place, heading north and connecting to existing sidewalk at NE 100th Street.

Who: The contractor, Kamins Construction, will be working with the City of Kirkland to construct the 116th Avenue NE sidewalk in the Highlands Neighborhood.

When: Construction activity is excpected to start early February, 2010 with completion anticipated in May 2010.  Typical hours of operation are Monday-Friday 7:00 am to 6:00 pm.

What to Expect: In order to complete the project as efficiently as possible, the contractor will be restricting parking along the roadway.  No parking signs will be posted 24 hours in advance of all parking restrictions.  During construction,  there may be inconvenience associated with driving through the work zone; traffic control and flagging operations will be in effect.  Emergency vehicle access will be maintained throughout the construction process.

Here’s how 116th Ave NE in the Kirkland Highlands looked the first week of March:

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Hot Sales Price for Kirkland, WA Homes, 3-3-10

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 5, 2010 at 10:07 am

Kirkland home sales, hot price range of the week:  $300-499,999.

  • Most number of home sales in Kirkland: $300-499,999  5  sales
  • Most number of homes for sale:  $1,000,000-1,499,999   40 homes for sale (same as last two weeks, although there have been sales in this price range)
  • There were 315 homes for sale in Kirkland and 17 homes sold last week, another good 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.
  • 1-4-10 9726
  • 3-2-10   11,655

There are less than 60 days left to use the home buyer’s tax credit.

Kirkland WA Real Estate Sales Activity

Kirkland, WA Real Estate – 3-3-10

(There’s a typo in this week’s chart in the column with information for this week.  It should be labeled 3/3/10, not 2-24-10) 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 2.2 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.
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