The last post of the year!  Hard to believe we’re here so fast.   Have a terrific 2011!

This week’s hot price for Kirkland, Washington home sales:

$300-399,999, $400-499,999 and $700-799,999   2 sales each

• The price range with the most Kirkland homes for sale: $300-399,999 37 homes. 

• There were a total of 260 homes for sale in Kirkland and 10 homes sold.

• Here’s how the chart is 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 as many selling. Homes take longer than 6 months to sell.
  • 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.  Homes take between 3-6 months to sell.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.  Homes sell in under 3 months.

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 for the week.

There are three columns under each week. On the left side of the column is the number of homes for sale, the actives, in a particular price range.  The middle column shows how many homes sold that week, the pendings,  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 4.1 months to sell all the homes in the $400-499,999 price range.

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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.

In 2010?

• 1-4-10    9726

• 7-26-10       14,639

• 12-27-10    11,015

Happy New Year!

The Kirkland Highlands is ending its year on a stronger real estate note than the first part of the year.  There are only 18 homes on the market, one home received an offer in the last couple of weeks, and 4 homes have moved past the inspection phase towards closing. There’s been a significant drop in the number homes available between $350,000 and $750,000.   Most of the homes in the neighborhood fall in these price ranges.  All of this is good news for Kirkland Highlands real estate.

Happy Holidays and all the best in 2011!

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: 18 (19)

New listings: 1 (0)

Pending inspection: 1 (5)

Pending: 4 (3)

Closed Sales: 1 (2)

Number of Price Reductions: 1  (3)

Price increase: 0 (0)

Homes off the market that did not sell: 4 (3)

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0-$349,999: 3 (2)

$350,000-$499,999: 4 (3)

$500,000-$749,999:  8 (11)

$750,000-$999,999: 2 (1)

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

$1,500,000- $2,999,999: 0 (0)
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Closed Sales:

$635,000  final sales price,  $695,000 last asking price, $908,000 original asking price, sold in 1060 days for 31% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

3 town homes for sale

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Now:

12-20-10  11,239

Will we drop back into the 10,000 range of properties for sale in King County?  I believe we will, but we may not get back below the 10,000 level that we had at the beginning of the year.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market. Feel free to contact me if you have any questions about the real estate market or pricing on for your home.

Wow!  I’m impressed with the real estate activity in Kirkland’s Highlands neighborhood over the last two weeks, especially since Thanksgiving and a snowstorm happened during this time.  A month ago there were 28 homes for sale in the neighborhood and now there are only 19.  Not only has the number of homes for sale dropped, there were 5 new sales in the last two weeks and 3 home sales that moved past the inspection towards closing.  Previously there were 5 homes for sale in the $500-750,000 price range and there’s only one home left for sale.  Most of this week’s sales were for new construction homes in the area east of 116th. Two other home sales closed and three homes were taken off the market.  All in all, a good two weeks of real estate activity in the Kirkland Highlands.

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: 19 (27)

New listings: 0 (1)

Pending inspection: 5 (2)

Pending: 3 (2)

Closed Sales: 2 (1)

Number of Price Reductions: 3  (4)

Price increase: 0 (0)

Homes off the market that did not sell: 3 (0)

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0-$349,999: 2 (2)

$350,000-$499,999: 3 (5)

$500,000-$749,999:  11 (13)

$750,000-$999,999: 1 (5)

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

$1,500,000- $2,999,999: 0 (0)
———————————–

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Closed Sales:

$470,000  final sales price,  $475,000 last asking price, $500,000 original asking price, sold in 73 days for 5% below the original asking price.

$600,000  final sales price,  $605,000 last asking price, $868,500 original asking price, sold in 909 days for 31% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Now:

12-6-10  11,747

I expected the number of homes for sale to drop below 12,000 this week and here we are. This is the 11th week in a row in which the number of homes for sale in King County has dropped.  We are now down almost 3000 homes from this summer’s peak of King County homes for sale.

***The Multiple Listing rules don’t allow me to comment any further on the listings and sales in this blog post, but feel free to contact me if you have any questions about the real estate market.