Free Recycling Event at Windermere Yarrow Bay
Here’s your chance to get a jump on Spring cleaning! Clean out all that stuff that’s hard to dispose of properly. You know all that stuff you never use that’s cluttering up your garage. Bikes, appliances, electronics and more are being picked up and recycled next Saturday, the 25th at Windermere’s Yarrow Bay office in Kirkland. Come on down!
Kirkland Real Estate Sales Through January, 2012
There were only 155 homes for sale in Kirkland in January. It’s easy to see from the chart that this number means there aren’t a lot of homes for sale in Kirkland right now. The lack of supply should enhance the prospects for those sellers whose homes are priced right and show well. The good homes should sell more quickly this year.
In January, 26.5% of the supply of homes sold, which is similar to the high percentage of sales in the April and May of last year. Not as many homes actually sold in January, but not as many homes were on the market either.
Median pricing in Kirkland went from $534,000 to $522,000. Median pricing is based on the sales that happened in January and is a result of what sold that particular month. On average, it took only 62 days for the homes to sell last month and most homes sold within % of the original asking price.
We’re excited to see how this real estate market will turn out this year. It should be the best Kirkland real estate market in 5 years, but don’t expect prices to go up by much, if anything.
If you would like information about your home, please contact Brooks or me and we’re happy to help you.
Kirkland Real Estate Sales Through Dec, 2011
In December, 2011, there were very few homes for sale in Kirkland. Ninety fewer homes were for sale than in December, 2010. Looking at October, 2010, when 356 homes were for sale, will give you an idea of how dramatically the decline has been in the number of homes for sale.
I thought the percentage of sales, the absorption rate, would be higher this month than it is because there were so few homes on the market. Apparently, buyers decided to focus on the holidays rather than buying a home in Kirkland in December. Only 19% of the supply of homes sold, whereas 31% sold in November.
Median pricing in Kirkland went from $498,000 to $510,000. Median pricing is based on the sales that happened in December and is a result of what sold that particular month. It does not mean prices were up for the year. Median pricing in Kirkland was down to the mid $400,000′s for the year.
Looking back at 2011 in Kirkland real estate:
The above chart follows a typical pattern with more homes coming on the market in the summer. Almost every year, more homes are for sale in the summer than at the beginning or end of the year. That being said, if you plan to sell your home, consider putting it on the market before the middle of the summer. Your home will have far less competition.
If you would like information about your home, please contact Brooks or me and we’re happy to help you.
Kirkland Highlands Real Estate Buzz
Eastside Real Estate Buzz West Redmond Real Estate Buzz
