Kirkland Washington home sales, hot price range of the week:   $400,000-499,999

• Most number of home sales in Kirkland:, $400-499,999   6 sales
• Most number of homes for sale:  $400-499,999   55 homes.

• There were 370 homes for sale in Kirkland and 16 homes sold last week.
  

• Most number of homes for sale in the last 7 weeks:  This week, with 370 homes for sale, 4-29-10.
• In the past 7 weeks, there’s been an 8% increase in the number of homes for sale, from 340 t0 370.
• Highest number of homes sold in Kirkland in the last 7 weeks:  4-21-10 with 24 sales.
• There were homes sold in all price ranges below $1,000,000.

• 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
• 4-26-10   13,516 This is the highest number of homes for sale in King County since the start of the year.  The total is getting close to the peak of homes for sale in 2009.

Kirkland Washington Real Estate Sales, 4-29-10

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 4 months to sell all the homes in the $400-499,999 price range.

Kirkland WA’s Highlands’ real estate is showing a very consistent trend over the last month.  There’s been a steady number of  new listings and sales each week.  One new listing came on the market in the high 300′s and sold almost immediately.

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.

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 (27)

New listings: 2 (3)

Pending inspection: 1 (1)

Pending: 1 (1)

Closed Sales: 1 (1)

Number of Price Reductions: 3  (1)

Price increase: 0(0)

Homes off the market that did not sell: 0 (2)

———————————–

0-$349,999: 1 (2)

$350,000-$499,999: 9 (8)

$500,000-$749,999:  11 (12)

$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: $585,374 ($586,507)

Median Price of homes for sale: $584,000 ($579,000)

Average Days on Market:  69  (63)

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

Lowest Priced Listing: $279,900 ($290,000)

________________________________

Closed Sales:

Sales price: $345,000, Last asking price: $349,000 Original asking price: $499,000, sold in 301 days for 31% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

6 town homes for sale

1 new listing

1 is  back on the market

1 listing is canceled

7-27-09  13,861

Start of 2010:

9,726

Now:

4-26-10  13,516  King County WA numbers of properties for sale is increasing dramatically.  We are at the highest  number of properties for sale so far this year and we are just behind the peak of 2009 by just 345 listings.