There still aren’t a lot of homes on the market in Kirkland, which is surprising to me because the number is usually creeping up by this time during the year.  As you can see above, in March of 2010 there were 345 homes for sale, which is more typical of this time of year.  Out of the 277 homes for sale in Kirkland, 69 homes sold in March, 2011.*  One quarter of all the homes for sale in Kirkland got an offer.  These odds were a lot better than we’ve seen in a long time.

The median price in Kirkland increased from $515,000 to $559,000. This is the third month in a row with a very small increase in median pricing.  Still, when pricing a home to sell you have to pay attention to the pricing of the homes for sale that are most like your home.  If there are a lot of other homes for sale in your home’s price range, then the asking price will need to be more aggressive.

Right now in the Highlands, there are 15 homes for sale between $500-$750,000.  This means these home owners will need to be more careful when setting the asking price.  If the home is not a good value, buyers will go buy the homes in the neighborhood that are a good value.   Price your home so it’s a good value when compared to these other homes.

Remember, too, the median price for each month only reflects the home sales for that particular month.  It’s important to track pricing over several months to get a more accurate reading as to whether prices are up or down.

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?

What’s happening with real estate in your neighborhood?

If you’d like more specific information about your home and neighborhood, please feel free to contact me.

*The numbers may vary slightly from other reports, but the trend is the same.