Debra Sinick

Archive for the ‘Kirkland WA’ Category

Another Terrific Month For Kirkland Real Estate!

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on December 17, 2012 at 8:27 am

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It’s been a great year for real estate in Kirkland!  As the year has progressed, we’ve seen the inventory drop considerably, but the number of home sales has remained strong.  Fewer homes were sold in November than October.  In October 86 homes sold and 55 sold in November.  Still none too shabby!

The number of homes for sale dropped by almost 25% from October to November, so there were fewer homes to buy in November than in October.  Contrast this with a year ago when 188 homes, 42% more, were on the market and 52 homes sold.  The number of sales is very similar to last year, but the number of choices for buyers has dropped considerably.

We expect the number of homes for sale to continue to decline into December.

With the low inventory, if you’re thinking of selling your home in 2013, it’s probably best to start earlier in the year.  The real estate market, with these fabulous numbers, will be on your side.

If you’d like more information about the value of your home, please feel free to contact me.

Happy Holidays and all the best in the new year.

Kirkland Real Estate Is Booming!

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on November 7, 2012 at 6:24 pm
Kirkland Home Sales

Kirkland Real Estate Sales Through October 2012

Kirkland Real Estate is looking really good!  Real estate statistics are trending in the right direction.  In October, fewer homes were on the market and more homes sold.  There were 85 home sales, the most for any month this year.  This is phenomenal!  In fact, 62% of the homes for sale, sold in October.  This is the highest monthly percentage in 2012, far surpassing any month.

With the high sales numbers and the low inventory, it’s the best time to sell a Seattle eastside home in the last 15 years!  This October had the highest pending sales with 1,202 homes selling.  Typically, 867 homes sell in October, which means this October’s sales were 39% higher than the 15 year average.

With 1821 homes for sale, we had the lowest number of Seattle eastside listings in last 15 years and 45% less than last October!

This same positive real estate theme carries over into Kirkland real estate.  There were higher sales than usual and fewer homes were for sale. Buyers were out there, demanding good, well priced homes.

Make no mistake, just because the market is strong, buyers will not overpay for a house.  It’s just not happening.  Buyers will wait for a new listing to come on the market rather than pursue an overpriced home.  The homes that show well, are move-in ready, and priced right are the homes that sell.

Thirty-eight percent of the homes for sale in Kirkland did not sell.  More than likely, these homes were not priced right or did not show well.  These 38% of the sellers need to do some soul searching and take a hard look at the market statistics.  If a home is sitting on the market and not selling, reprice it for the market or expect to see a “for sale” sign in your yard, but not a “sold” sign.

With the low inventory, think about selling your home during the holidays, rather than waiting until after the first of the year.  The real estate market, with these fabulous numbers, will be on your side.

Kirkland Real Estate Sales Are Still Going Strong

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, sellers on September 17, 2012 at 2:11 pm
Kirkland Home Sales

Kirkland Real Estate Through August, 2012

Kirkland real estate sales were still strong in August, a good sign for those who are selling a home in Kirkland.  There were only a handful more homes for sale in August than in July, plus there were a few more sales.  If you look at the red line in the chart above, you’ll see the homes sales that are pending.  Pending sales are those that recently sold and have not closed yet.  The pending sales were higher in August than in July.   Looking at the numbers for last year, home sales have jumped up from 52 to 74 homes, increasing by 31%.

It’s easy to see from the chart above  that the number of homes for sale through 2012 has stayed on the low side and is gradually creeping up.  In August of 2011, there were over 100 more homes for sale.  This August, there were 182 homes for sale, inching up from the low of 132 available homes in April.

Homes are selling at a much faster pace.  This past August, homes sold, on average in 48 days, in less than 2 months time.  Last year it took just over 3 months for a home to sell.
It’s exciting to see how this year has played out.  Most of the offers we’ve had on our listings have been truly great offers because the buyers recognize the homes that stand out.  Many have sold after having received multiple offers.  The real estate market in Kirkland is doing  great!

How Much Have Real Estate Prices Gone Up in Kirkland, WA?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on August 17, 2012 at 9:56 pm

Kirkland Real Estate Sales Through July, 2012

Yes, it’s true what you hear, real estate sales are still strong in Kirkland, WA.  Eighty-seven homes sold in July and 88 sold in June.  The difference in July was there were slightly more homes on the market, 19 to be exact.  With the increase in the number of homes for sale, the odds of selling a home in Kirkland dropped to 40%.  In June 49% of the homes sold.  Still the odds of selling this whole year have been terrific.  In July of 2011, sellers only had a 21% chance of selling, because there were so many more homes for sale.

It took on average 67 days for a home to sell and homes sold within 96% of the original asking price.  Median pricing in July was up to $578,000 from $528,000 in July, 2011.   This sounds great, and it is, but it gets confusing when you look at June statistics.   The median price was $615,000 for the homes sold in June.  It looks as if pricing dropped a lot, but it did not drop precipitously from June to July.  The reality is we are par with last year’s pricing so far this year in Kirkland.  Pricing can vary up or down from month to month, so it’s important to look at a 6 month trend to determine where prices truly are at.  I wrote a post which explains the median pricing for the eastside.

So the answer to the question:  How much have home prices gone up in Kirkland, WA? The reality is we are on par with last year’s pricing so far this year in Kirkland.

If you’d like to find out more about the Kirkland real estate market, don’t hesitate to call or email us.  It’s important to put your home in the percent of homes that have sold, not in the percent that did not.

Mammoth Neighborhood Garage Sale in The Kirkland Highlands This Weekend

In Garage sales, Kirkland WA on July 26, 2012 at 2:34 pm

The Kirkland Highlands is having a huge garage sale this coming Saturday, July 28th from 9 AM to 2 PM.   You’ll be able to find some great treasures and good deals. 

The main entrance to the Kirkland Highlands is at the corner of 114th Ave NE off of NE 85th, just west of 405

Follow the signs to each participant’s home.

Two dozen homes are participating in a giant garage sale where you can find your latest treasure:  tons of household items, girl’s clothing up to size 4T, toys, Halloween stuff, and Pottery Barn style furniture. computer stuff, a hot tub, dog stuff, a car, big screen TV, tools, some furniture and lots more.

For those of you who live in the Highlands, feel free to post comments here about what you might be selling or on our neighborhood Facebook page.

Come to the Highlands just north of Central Way (85th Street) at 114th Ave NE and follow the signs.

A Great Seller’s Market in Kirkland

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on July 23, 2012 at 4:43 pm
Kirkland Real Estate

Kirkland Real Estate Sales Through June, 2012

Fifty-three percent of the homes for sale in Kirkland in June sold that month.   The number of sales jumped up even though more homes came on the market.  Nine more homes came on the market in June, while there were 20 more sales.  The scales are tipped in favor of the seller right now.

It took on average 71 days for a home to sell and homes sold within 97% of the original asking price. Homes were on the market for just over two months and sold within 3% of asking price.  Median pricing was up from $588,000 to $615,000 this June.    Median pricing increased in May, 2011 but median pricing was actually down in April. Pricing can vary up or down from month to month, so it’s important to look at a 6 month trend to determine where prices truly are at.

If you’d like to find out more about the Kirkland real estate market, don’t hesitate to call or email us.  It’s important to put your home in the percent of homes that have sold, not in the percent that did not.

Big Garage Sale in The Kirkland Highlands This Weekend

In Garage sales, Kirkland Garage Sale, Kirkland WA on June 21, 2012 at 3:12 pm

10th Annual 95th St Neighborhood Garage Sale

ONE DAY ONLY – RAIN OR SHINE

SATURDAY JUNE 23rd  8AM to 5-ish PM

11212 NE 95th St. Kirkland Highlands

Follow the Debra Sinick Garage Sale signs

Kirkland Real Estate is Still Hopping!

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on May 15, 2012 at 5:19 pm
Kirkland WA Real Estate

Kirkland Real Estate Sales Through April, 2012

The Kirkland real estate market is still moving along well as 36% of the listed homes sold in April.   In March, 60% of the homes sold, so it may seem as if the Kirkland market was off in April.    A sales record of 60% is phenomenal, but  36% is still an excellent return and is more typical of what is considered a stellar sales month.  It will be interesting to see if any other month is able to match March’s amazing sales record.

Homes are selling fast!  When I check our daily statistics, I see a lot of the newer listings selling in under a week.   Buyers jump on these homes if they’ve been out looking at homes for awhile.  They’ve been educated and know a good home when they see it.   Multiple offers are fairly common, if a home is priced well and shows well.  We sold several of our listings in a matter of days with multiple offers.   It reminds me of the boom years!  The difference now is that home prices are at a more affordable price point.

The lack of supply, the homes for sale, continues.  So far this year, there are fewer homes on the market each month, which is highly unusual for this time of year.  We may see more homes on the market as the school year comes to an end.  Sellers are also feeling more comfortable in this positive market, so more homes could come up for sale, increasing the inventory.  We still suspect inventory to remain on the lower side this year.

In Kirkland, 36% of the homes sold in April.  It took on average 72 days for a home to sell and homes sold within 95% of the original asking price.  Last month the average number of days to sell a home stood at just over 3 months, so the time it takes to sell a home is dropping.  Median pricing was down from April, 2011.  This year the median price for the homes sold in April was $430,000.  Last year, the median price of the April sales was $550,000.  Remember, the median price reflects only what sold during the month of April.  It is important to look at a 6 month trend to determine where prices truly are at.

If you’d like to find out more about the Kirkland real estate market, don’t hesitate to call or email us.  Have a great month and let’s hope the sun keeps shining.  It’s terrific out there!

The Cross Kirkland Trail is Here!

In Kirkland WA, rails to trails on April 19, 2012 at 4:31 pm

The Cross Kirkland Trail is here! Kudos to the City Council and Kurt Triplett for having the vision and foresight to save the corridor for a trail for Kirkland and all of the eastside.  As many of you know, last Friday, April 13th, the 5.75 miles inside Kirkland city limits became the property of Kirkland.  It’s an exciting time as barriers have gone up where the trail crosses roads, safety features are incorporated in the overpasses and the rail crossing markers are gone.

Posts about the acquisition of the line this past week.

Walking Along the BNSF corridor in Kirkland

Walking On The Cross Kirkland Trail

But this is a project near and dear to me, something I’ve been advocating over the last 5 years.  I began writing about the corridor and the trail vs. rail issue in 2007.  I’ve written close to 40 posts on the subject, from the last hurrah for the dinner train, the Port of Seattle’s involvement, the first opportunity to walk on the trail, and the City Council voting to purchase the corridor.

A special thanks to the Eastside Trail Advocates, a local group who worked hard to see this vision happen in Kirkland by sponsoring the first walk on the the proposed trail, speaking at City Council and neighborhood meetings, and holding open houses to demonstrate the value of a trail for the city.

See you on the trail!

A Fabulous Real Estate Market in Kirkland, WA

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on April 19, 2012 at 3:40 pm
Real Estate in Kirkland, WA

Kirkland Real Estate Sales Through March 2012

The terrific real estate market in Kirkland continued into March.  Almost 60% of all the homes for sale got offers and sold. 

Why is the Kirkland real estate market so hot?  Well, for one thing, if you look at the graph above, it’s easy to see that there aren’t many homes for sale right now. Through most of the summer months in 2011,  the number of homes for sale was double what we have in Kirkland now.  This increased competition among home sellers.  Secondly, buyers are far more positive than they’ve been for years.  Buyers feel good about making an offer for a home now.  Finally, interest rates have crept up slightly, which can also spur buyers to literally make the move.

In Kirkland, 57% of the homes sold in March.  It took on average 94 days for a home to sell and homes sold within 94% of the original asking price.  Median pricing was down from March, 2011.  This year the median price for the homes that sold was $469,000.

I can truly say this is the best to sell a home that we’ve seen in the Seattle and Kirkland area since early 2007.   Sellers do need to remember, though, selling a home in today’s real estate market still requires competitive pricing and a home that shows well.

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