The number of homes for sale in the KIrkland Highlands’ neighborhood increased slightly this past week as more of the new construction that was taken off the market a few weeks ago is back on the market as bank owned homes. This explains the increase in homes for sale in the $500-750,000 price range.   In the $350-499,999 price range there were 8 homes for sale a few weeks ago and now we have 4 available homes.

One home sale closed this week and it sold in 5 days for full price! If you price your home ahead of the competition and have it showing well, it will sell.  Buyers will see the value and pay for it.  If buyers do not see value, the home stays on the market and may go through several price reductions in order to sell.

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: 27 (23)

New listings: 3 (3)

Pending inspection: 1 (0)

Pending: 0 (0)

Closed Sales: 1 (2)

Number of Price Reductions: 2  (5)

Price increase: 0(0)

Homes off the market that did not sell: 3 (6)

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0-$349,999: 1 (0)

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

$500,000-$749,999:  17 (13)

$750,000-$999,999: 3 (1)

$1,000,000- $1,499,999: 2 (2)

$1,500,000- $2,999,999: 0 (0)
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Average Price of homes for sale: N/A with new MLS system*

Median Price of homes for sale: N/A with new MLS system

Average Days on Market:  N/A

Highest Priced Listing: $1,299,000 ($1,299,000)

Lowest Priced Listing: $330,000 ($330,000)

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Closed Sales:

Sales price: $998,000 Last asking price: $998,000 Original asking price: $998,000, sold in 5 days for FULL PRICE.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

1 pending

2 canceled, so are off the market

7-27-09  13,861

Start of 2010:

9,726

Now:

8-23-10  14,530   So far, the highest number of homes in King County for sale in 2010 was at the end of July, when the number hit 14,639.  Over the past few weeks, the numbers have been bouncing around, but not changing a huge amount.

* The statistics portion of the new NWMLS (Northwest Multiple Listing Service) is currently not working.  Our new system is having the kinks worked out.  Stay tuned!