Kirkland Highlands Real Estate Buzz

Sellers had a 16.5% chance of selling a home in Kirkland in June, 2008.

(Click on the link above to see a chart with Kirkland’s real estate trends for the last few years.  The chart shows trends for Kirkland, south of NE 116th St.)

June, 2008             491 homes for sale, 81 sales, 16.6% chance of selling.

May, 2008             530 homes for sale, 51 sales,    9.6% chance of selling.

June, 2007            383 homes for sale, 90 sales,   23.5% chance of selling.

The chance of getting a home sold was much better in Kirkland, WA in June than any of the previous months  this year.  Inventory, the number of available homes, was up by 28% and the sales dropped this year from last year by about 10%.  It will be interesting to see how July plays out and if a trend is happening here.

For a complete update on Eastside real estate, check out my eastside blog post.

(Numbers in parentheses are for last week’s data.  This week’s data is reported through Thursday.)

Active Listings:  22 (29)

New listings:  5(2)

Re-listed properties:  1(0)

Pending inspection: 2 (0) 

Pending:  0(0)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:1 (3)

Cancelled listings 1(0)

Expired Listings: 1(0)

Temporarily Off Market:  0(0)

Price increase:  0(0)

Back on market: 0 (1)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:  5 (5)

$500,000-$749,999:    4 (6)

$750,000-$999,999:  7 (9)

$1,000,000- $1,499,999:  3 (5)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $847,983 ($921,364)

Median Price:   $869,000($869,000)

Average Days on Market: 82(88)

Highest Priced Listing: $2,299,000($2,299,000)

Lowest Priced Listing: $362,500 ($399,500)

The closed sale of the week was $450,000 down from $489,000, about 8% below the asking price, market time of 192 days.

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Town homes/condos:

4 Active,  with one town home re-listed on the market.

1 expired listing

2 price reductions

One closed sale, the “bungalow” on NE 87th sold for $479,000 down from the original list price of $549,000, 13% below the original asking price.

The numbers reflect totals compiled from Thursday’s data.  This will help get the data to you before the weekend whenever possible.  This weekend in the Seattle area may actually feel like summer! 

(Numbers in parentheses are for last week’s data.  This week’s data is reported through Thursday.)

Active Listings:  29 (25)

New listings:  2(4)

Re-listed properties:  0(0)

Pending inspection:  0 (1) 

Pending:  0 (3)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions: 3 (3)

Cancelled listings 0(0)

Expired Listings: 0(0)

Temporarily Off Market:  0(0)

Price increase:  0(0)

Back on market: 0 (1)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:  5 (4)

$500,000-$749,999:    6 (5)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:  5 (4)

$1,500,000- $2,999,999:   4 (4)
———————————–
Average Price: $921,364 ($918,247)

Median Price:   $869,000($869,000)

Average Days on Market: 88(88)

Highest Priced Listing: $2,299,000($2,299,000)

Lowest Priced Listing: $399,500 ($389,500)

The “sold subject to inspection” category is now listed as the “pending inspection” category as the MLS (Multiple Listing Service) has changed the name of the category to more accurately reflect the sales status of a home.

The listing numbers are up a bit in the Kirkland Highlands this week. The closed sale of the week is a two bedroom home in Edwards Place. This home was on the market for 34 days.  The asking price was $424,900 and the final sales price was $403,000, about 5% below the asking price.

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Town homes/condos:

7 Active,  with one town home re-listed on the market.

Ok, so I did not do the weekly real estate stats for The Kirkland Highlands last week, you caught me!  Actually, I was rather busy at my high school reunion back in Connecticut.  Frankly, I was having so much fun, real estate statistics went out the window.  But the real estate market is still here and still moving along. 

This report shows this week and last’s real estate numbers. I will continue to report the number of new listings, pendings, days on market, etc.  However, my weekly updates will report the specific information on closed sales only.  These are the sales in which the sale has closed and the new owner has taken over.  Sales prices are public information and can be easily shared. In this market, I find it helpful to see the original price of a listing, its final list price, and the actual sales or closing price. 

In addition, the numbers will now be a reflection of totals from Thursdays.  This will help get the data to you before the weekend, whenever possible.  If the sun ever comes out here, I imagine you may want to be out and about, rather than looking at real estate data!

(Numbers in parentheses are for last week’s data.  This week’s data is reported through Thursday.)

Active Listings:  26 (25)

New listings:  1(0)

Re-listed properties:  0(0)

Sold subject to inspection:  0(1) 

Pending:  2(2)

Closed Sales:   1(0)

Contingent sale: 0(0)

Number of Price Reductions: 0 (2)

Cancelled listings 0(0)

Expired Listings: 0(0)

Temporarily Off Market:  0(0)

Price increase:  0(0)

Back on market: 1(0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:  4 (4)

$500,000-$749,999:    5 (5)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:  4 (4)

$1,500,000- $2,999,999:   4 (3)
———————————–
Average Price: $959,507($924,887)

Median Price:   $869,475($869,000)

Average Days on Market: 83(76)

Highest Priced Listing: $2,299,000($2,299,000)

Lowest Priced Listing: $399,500 ($374,500)

_____________________________________________

Townhomes:

7 Active, One sold subject to inspection and one expired.

(Numbers in parentheses are for last week’s data)

Active Listings:   24(26)

New listings:  0(1)

Re-listed properties: 2 (1)

Sold subject to inspection:  1(1) 

Pending:  0(1)

Closed Sales:   0(1)

Contingent sale: 0(0)

Number of Price Reductions:  3(1)

Cancelled listings 1(1)

Expired Listings: 0(0)

Temporarily Off Market:  0(0)

Price increase:  0(0)

Back on market: 0(0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    5 (6)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:   4(5)

$1,500,000- $2,999,999:   3(3)
———————————–
Average Price: $949,486 ($957,792)

Median Price:   $869,475($869,475)

Average Days on Market: 72(67)

Highest Priced Listing: $2,299,000 ($2,299,000)

Lowest Priced Listing: $469,850 ($424,900)

This week’s real estate buzz:

The number of listings has dropped in the last couple of weeks, which is unusual for most of the Eastside neighborhoods.  The least expensive home in the neighborhood received an offer this week.  This week the most affordable home in the Highlands is priced at $469,850. Price reductions have happened in every price range, not just high end homes.  Conversely, sales have happened in every price range over the last few months as homes have continued to sell in the neighborhood.

New listings:

(Homes new on the market this week)

None this week.

Homes sold subject to inspection:

(homes that received an offer, but still have to go through a buyer’s inspection)

        $424,900 Edwards Place two story 2 bedrooms, 1.5 baths.

Pending sales:

(homes that have had the inspection resolved between the buyer and seller)

None this week.

Closed sales:

(Homes in which the ownership has changed hands and the new owner has moved in)

None this week.

Sold contingent:

(Home sales in which the buyer still needs to sell their home in order to buy the new home)

None this week.

Price reductions:

$515,000 down from $550,000 Edwards Place two story 3 bedrooms, 2.5 baths.

$1,148,880 down from $1,249,950 Contemporary with lake view.

$1,688,000 down from $1,749,000 remodeled home with lake view.

Price increases:

None this week.

Expired listings:

(The contract to sell the home has expired)

None this week.

Cancelled listings:

(The seller has taken the home off the market)

$1,499,000 Altezza home with lake view.

Temporarily off the market:

(The seller has taken the home temporarily off the market.

None this week.

___________________________________

Town homes/ condos:

9  homes currently on the market

New listing:

$639,900 Kirkland Highpointe 3 bedroom, 2.5 bath remodeled kitchen.

Expired listings:

None this week.

Pending listings:

None this week.

Price reductions:

$515,000 down from $529,000 condo alternative in Edwards Place (listed as a single family and a town home)

       $699,900 down from $715,000 Highland Creek town home with a view.

$639,950 down from $689,900 large town home 2558 sq ft.

 Closed sales:

      None this week.

(Numbers in parentheses are for last week’s data)

Active Listings:   26(27)

New listings:  1(1)

Re-listed properties: 1(1)

Sold subject to inspection:  1(2) 

Pending:  1(1)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:  1(3)

Cancelled listings 1(0)

Expired Listings: 0(0)

Temporarily Off Market:  0(1)

Price increase:  0(0)

Back on market: 0(0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    6 (7)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:   5(5)

$1,500,000- $2,999,999:   3(3)
———————————–
Average Price: $957,792 ($942,651)

Median Price:   $869,475($869,000)

Average Days on Market: 67(70)

Highest Priced Listing: $2,299,000 ($2,299,000)

Lowest Priced Listing: $424,900 ($424,900)

This week’s real estate buzz:

Okay, I’m a day early this week!  I figure everyone is going to be busy enjoying the long weekend and not paying attention to weekly stats, so here goes:  There’s been activity in the Kirkland Highlands this week.  One new listing, one new sale, one in most of each category, except there were two price reductions.  Have a great Memorial Day weekend.

New listings:

(Homes new on the market this week)

$499,900 remodeled rambler on 116th Ave NE with 1160 sq ft, 3 bedrooms, 2 baths.

Homes sold subject to inspection:

(homes that received an offer, but still have to go through a buyer’s inspection)

        $489,000 remodeled rambler with 1370 sq ft, 3 bedrooms, 1.75 baths.

Pending sales:

(homes that have had the inspection resolved between the buyer and seller)

$399,950 Forbes Creek town home 3 bedrooms, 2.5 baths.

Closed sales:

(Homes in which the ownership has changed hands and the new owner has moved in)

$663,000 Highland Creste two story with 3200+ sq ft, 4 bedrooms, 3.5 baths. Last list price of $684,000.   Sold in 113 days for 14% below  the original asking price of 765,000.

Sold contingent:

(Home sales in which the buyer still needs to sell their home in order to buy the new home)

None this week.

Price reductions:

$650,000 Down from $679,000. Remodeled daylight rambler with 2350 sq ft and a seasonal view.

$599,950 down from $674,950 Waterwheel Park two story with 2600+ sq ft.

Price increases:

None this week.

Expired listings:

(The contract to sell the home has expired)

None this week.

Cancelled listings:

(The seller has taken the home off the market)

$545,000 Hidden Woods Tri-level with 1980 sq ft.

Temporarily off the market:

(The seller has taken the home temporarily off the market.

None this week.

___________________________________

Town homes/ condos:

7  homes currently on the market

New listing:

None this week.

Expired listings:

None this week.

Pending listings:

None this week.

Price reductions:

       None this week.

Closed sales:

      None this week.

 (Numbers in parentheses are for last week’s data)

Active Listings:   27(29)

New listings:  0(1)

Re-listed properties: 1(2)

Sold subject to inspection:  2(0) 

Pending:  0(1)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:  3(1)

Cancelled listings 0(0)

Expired Listings: 0(0)

Temporarily Off Market:  1(0)

Price increase:  0(0)

Back on market: 0(0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:   3(3)

$500,000-$749,999:    7 (9)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:   5(4)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $942,651 ($937,260)

Median Price:   $869,000($859,205)

Average Days on Market: 70(63)

Highest Priced Listing: $2,299,000 ($2,299,000)

Lowest Priced Listing: $424,900 ($399,950)

This week’s real estate buzz:

No new listings in the Highlands this week, however, there were two sales.  What’s nice to see is a new construction view property at the high end of prices in Kirkland’s Highlands selling this week.  The other home receiving an offer was the best priced home in the neighborhood in Forbes Creek with an asking price of $399,950.  The other piece of good news is the closed sale of the week sold for ABOVE full price at $10,000 above the asking price.  This home was well priced and showed beautifully.  Homes sell for over full price when there are two buyers wanting the home at the same time or the seller is paying the buyer’s closing costs and adds this cost to the sales price.

Have a wonderful weekend and enjoy the sun!

New listings:

(Homes new on the market this week)

None this week.

Homes sold subject to inspection:

(homes that received an offer, but still have to go through a buyer’s inspection)

$399,950 Forbes Creek town home 3 bedrooms, 2.5 baths.

$1,800,000 New Construction on 112th Ave with a view and 4300+ sq ft.

Pending sales:

(homes that have had the inspection resolved between the buyer and seller)

None this week.

Closed sales:

(Homes in which the ownership has changed hands and the new owner has moved in)

$879,000.   Sold in 28 days for 1.2% ABOVE the original asking price of $869,000.

Sold contingent:

(Home sales in which the buyer still needs to sell their home in order to buy the new home)

None this week.

Price reductions:

$498,850 down from $512,950 condo alternative with view.

$529,950 down from $550,000 Edwards Place remodeled two story.

$609,950 down from $674,950 Waterwheel Park two story with 2600+ sq ft.

Price increases:

None this week.

Expired listings:

(The contract to sell the home has expired)

None this week.

Cancelled listings:

(The seller has taken the home off the market)

None this week.

Temporarily off the market:

(The seller has taken the home temporarily off the market.

$629,000 daylight rambler with 2400+ sq ft.

___________________________________

Town homes/ condos:

7  homes currently on the market

New listing:

None this week.

Expired listings:

None this week.

Pending listings:

None this week.

Price reductions:

       None this week.

Closed sales:

$592,000 down from $599,950 Highland Pointe town home. Sold 5% below the original asking price of $629,950.  Sold in 216 days.

 (Numbers in parentheses are for last week’s data)

Active Listings:   26(26)

New listings:  1(2)

Re-listed properties: 0(0)

Sold subject to inspection:  0(2) 

Pending:  1(0)

Closed Sales:   1(1)

Contingent sale: 0(0)

Number of Price Reductions:  0(0)

Cancelled listings 0(1)

Expired Listings: 1(0)

Temporarily Off Market:  0(0)

Price increase:  0(0)

Back on market: 0(0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999:   2(1)

$500,000-$749,999:    8 (8)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:   4(4)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $921,723 ($993,840)

Median Price:   $864,103($869,473)

Market: 63(63)

Highest Priced Listing: $1,890,000 ($2,299,950)

Lowest Priced Listing: $424,900 ($489,000)

This week’s real estate buzz:

New listings:

(Homes new on the market this week)

$424,900 Edwards Place remodeled home 2 bedrooms, 1.5 baths, 1 car garage.

Homes sold subject to inspection:

(homes that received an offer, but still have to go through a buyer’s inspection)

None this week.

Pending sales:

(homes that have had the inspection resolved between the buyer and seller)

$684,900 Highland Creste  4 bedroom, 3 bath, 3210 sq ft.

Closed sales:

(Homes in which the ownership has changed hands and the new owner has moved in)

$665,000 Highland Creste home listed at $699,000.   Sold in 162 days for 13 % below the original asking price of $759,000.

Sold contingent:

(Home sales in which the buyer still needs to sell their home in order to buy the new home)

None this week.

Price reductions:

None this week.

Price increases:

None this week.

Expired listings:

(The contract to sell the home has expired)

$2,299,000 two story with basement, 3645 sq ft and awesome lake, city, and mountain views.

Cancelled listings:

(The seller has taken the home off the market)

None this week.

Temporarily off the market:

(The seller has taken the home temporarily off the market.

None this week.

___________________________________

Town homes/ condos:

7 currently homes currently on the market

New listing:

$439,000 Michigan Station Town home 2 bedroom, 1.75 baths

Expired listings:

$440,000 Forbes Creek Town home with 1530 sq ft, 3 bdrooms.

Pending listings:

$599,000 Highland Pointe town home 3 bedrooms, 2.5 baths