Debra Sinick

Archive for the ‘WA’ Category

Latest Real Estate Buzz in The Kirkland Highlands, 11-30-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on November 30, 2009 at 8:23 pm

It’s been a quieter two weeks for real estate in Kirkland. I think Kirkland home buyers and sellers were busy with family and turkey! The number of Kirkland Highlands homes for sale has remained fairly steady, but there were no home sales in the last couple of weeks.  

The first time home buyer tax credit has been expanded and extended, which is great news for home sellers.  If you plan to make a move and are buying a home under $800,000, then you may be eligible to receive a tax credit.

If you’re thinking of making a move next year, early in the year may be better because of the tax credit, the low interest rates, and less competition.  If you look below, you’ll see we’re close to the smallest number of properties for sale in 2009.  More people will think about selling their homes as the year heads into spring and summer.  Selling a home then will be more competitive than now.

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.


View Larger Map

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 railroad tracks. 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: 23 (22)

New listings: 0 (0)

Pending inspection: 0 (0)

Pending: 0 (4)

Closed Sales: 1 (1)

Number of Price Reductions: 0  (1)

Price increase: 0(0)

Homes off the market that did not sell: 2 (1)

———————————–

0-$349,999: 1 (1)

$350,000-$499,999: 6 (7)

$500,000-$749,999:  8 (7)

$750,000-$999,999: 7 (7)

$1,000,000- $1,499,999: 1 (0)

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $667,906($653,891)

Median Price of homes for sale: $699,990 ($709,470)

Average Days on Market:  137 (152)

Highest Priced Listing: $1,250,000 ($1,250,000)

Lowest Priced Listing: $285,000 ($285,000)

________________________________

Closed Sales:

$630,000 last asking price $649,900 , original asking price $749,900, sold in 113 days for 16% below the original asking price.

Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

11-30-09 11,797  The number is getting lower and lower!  The smallest number of homes and condos for sale since January of this year!

————————–

6 Town homes on the market

1 pending town home sale

Sound Transit, Proposition 1, Trails, Rails, and Commuting Through Kirkland, Washington

In Bellevue, Kirkland News, Kirkland WA, rails to trails, WA on October 2, 2008 at 2:38 pm

This past weekend, The Seattle Times came out against Sound Transit’s newest ballot proposal, prompting this post. At a recent Kirkland City Council’s meeting, the City Council came out in favor of the Sound Transit ballot initiative.  Mayor Lauinger was the lone holdout who advocated for better bus service.  Better transportation is critical for this area as it continues to grow.  But better, means exactly that, not just any transportation system, but a better transportation system.

If you check out my post on my eastside blog, I’ve talked about some of the very basic reasons why the transit package is flawed.  The Seattle Times, Ron Sims, and The Eastside Transportation Association are all against it.  The light rail proposal is a plan for 15 years into the future, not a solution to today’s commuter problems.  What will happen now and over the next decade if something more immediate and comprehensive  is not done?

The package, besides  its exorbitant costs for light rail and its lack of short-term solutions to today’s transportation problems, includes money for a demonstration train on the BNSF tracks.  The train along the BNSF railroad line would be a diesel train, a diesel motor unit, that won’t minimize commuting times because it crosses 50+ intersections and travels by schools and neighborhoods at a “fast” 25-30 miles pace along older rails.  (There’s a video on the Eastside Trail Advocates website which shows a 4 minute wait during the middle of the day at the Totem Lake crossing because of a train coming through the intersection.)

We all, including the city, need to become more “green” and look for ways to limit our carbon footprint, ways that are realistic and meaningful, not ways that sound as is they may work, but don’t accomplish the goal to improve our transportation.

Besides commuter rail along the BNSF line being a poor way to improve transportation, a commuter line will take away from the possibility of a fabulous world class trail for the City of Kirkland.  This would be a trail people could use for commuting, biking, and walking.  Ironically at the very same City Council meeting, several of the City Council Members talked about the Kirkland community’s emphasis on walking. The Active Living Task Force is a huge promotor of walking in the community.  This is their mission statement:

“The Active Living Task Force (ALTF), created in 2007, is comprised of residents, community agencies, local businesses, and City representatives.

Our Vision is for community design, services and programs to enhance our quality of life by making it safe, enjoyable and easy for everyone to be physically active in their daily lives.

Our mission is to advise Kirkland policy makers, advocate and provide support for local strategies aimed at promoting community-enriched physical activity as an integral part of everyone’s (including the disabled) daily life.”

It would be great if the City Council would pay attention to the goals of the Active Living Task Force.  One of the city’s goals, according to a comment made by Council Member Jessica Greenway,  is to connect all of Kirkland parks by trail.  The BNSF line is the answer.

A similar discussion has been happening in Bellevue. That city has also been wrestling with support of the Sound Transit package.  The Seattle Times had an article discussing the opposing viewpoints. Bellevue’s Mayor Grant Denniger is for the proposal and Eastside Transportation Association (ETA)  backed by Bellevue developer Kemper Freeman, is not.  Dick Paylor of ETA was quoted in the Times article as saying: “There’s much better choices than what we have been given.”  The group supports ride sharing, road improvements, and a better bus service through $1 billion dollar investment for bus stations.  The bus system would be ready far sooner than a rail line, which is supposed to take 15 years and far more more money.

On many levels the transit package is flawed.  One level affects everyone.  There will be a huge tax increase for a long term solution that may not solve our transportation problems.  I’m not against taxes, that’s so far from my thinking.  If taxes are raised to pay for services, teachers, police and fire departments, health care, and realistic programs, I’ll be first in line.  But I’m last in line for raising taxes for a program that makes no sense.

Another is our immediate transit needs are not being effectively met, and lastly, on a local Kirkland level, we could end up with a commuter line that disrupts Kirkland’s traffic, routes for walking to schools,  separates neighborhoods, and costs us the opportunity for a world class walking/biking/commuting trail.

Still not sure what to think or how to vote?  There’s an open house this weekend at Bellevue City Hall.

What’s your opinion?

Weekly Real Estate Buzz in The Kirkland Highlands Through September 25th, 2008

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on September 26, 2008 at 6:45 am

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

Active Listings:  23 (24)

New listings:  1  (0)

Re-listed properties: 0  (0)

Pending inspection:  0 (2) 

Pending:  1 (1)

Closed Sales: 2   (2)

Contingent sale:0  (0)

Number of Price Reductions:2 (2)

Cancelled listings 2  (1)

Expired Listings:1  (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market: 0 (0)

Rented: 0 (1)

———————————–

0-$349,999:   0 (1)

$350,000-$499,999: 4 (5)

$500,000-$749,999:    8 (8)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $735,007 ($730,275)

Median Price:   $699,000 ($694,475)

Average Days on Market: 111 (106)

Highest Priced Listing: $1,599,000 ($1,599,000)

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

The number of homes available in the Highlands continues to drop from the high of 29 homes for sale.  There are now 23 homes available in the neighborhood. None of the homes received offers that were mutually accepted, but one home has had its inspection contingency removed and is now pending.  Two home sales closed this week.  

$329,000 Original list price of $399,000, for a Forbes Creek Town home with 1530 square feet,three bedrooms and 2.25 baths.  It was on the market for 202 days and sold for 9% below the original asking price.

$935,000 Original list price of $999,000  for a remodeled home with a view and over 2000 square feet.  It was on the market for 35 days and sold for 7% below the asking price.

Town homes/condos:

4 active town home/condo listings

One listing was canceled and one home sold.

$374,950 for a Forbes Creek townhome of 1530 square feet and 2.25 baths. It sold in 58 days for 4% below the original asking price of $389,950.  It is similar to one of the single family closings above.  The location in the neighborhood, because of outlooks and road noise, and the condition of a home, can make a big difference in the sales price and market time.

First Day of School is September 2nd-Be Careful Out There

In Kirkland News, Kirkland WA, Schools, WA on August 27, 2008 at 9:06 am

School starts on September 2nd.   Check the Lake Washington Schools Website for each school’s times.  The school day varies for each school.  Have a wonderful school year.

But for all of the rest of us, let’s be careful out there.  More kids will be out and about, walking to school. Be extra careful as you are driving near the schools.

What Were The Chances of Selling A Home in Kirkland, Washington in July, 2008?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA on August 14, 2008 at 11:29 am

Sellers had a 10% chance of selling a home in Kirkland in July, 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.)

July, 2008              508 homes for sale, 51 sales, 10% chance of selling.

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.

July, 2007             366 homes for sale, 82 sales,   22.4% chance of selling.

 ”It will be interesting to see how July plays out and if a trend is happening here.”  This last statement is from the comments I made in my report  on the chances of selling a home in June, 2008 in Kirkland, Washington.  Unfortunately, I don’t see the trend playing as I would’ve hoped.  July  was not a stronger month for selling in Kirkland than June.  July’s absorption rate, the chances of selling a home, is very similar to May’s absorption rate.  So far, the peak of activity in Kirkland real estate sales has been in June of this year. 

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

Weekly Real Estate Buzz in The Kirkland Highlands Through August 14th, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on August 14, 2008 at 10:42 am

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

Active Listings:  27 (29)

New listings:  0  (1)

Re-listed properties: 2  (0)

Pending inspection:  2 (1) 

Pending:  0 (1)

Closed Sales: 0   (0)

Contingent sale:0  (0)

Number of Price Reductions:0 (2)

Cancelled listings 2  (0)

Expired Listings:0  (1)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market: 0 (0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999: 5 (4)

$500,000-$749,999:    8 (9)

$750,000-$999,999:  9 (9)

$1,000,000- $1,499,999:  3 (4)

$1,500,000- $2,999,999:   2 (3)
———————————–
Average Price: $805,706 ($846,948)

Median Price:   $849,950 ($852,052)

Average Days on Market: 87 (82)

Highest Priced Listing: $1,632,000 ($1,650,000)

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

There were no closed sales this week.  Two sellers cancelled their listings, re-listed the homes, and the homes are now pending inspection with offers this week. The amount of homes for sale in The Kirkland Highlands does not vary all that much from week to week.  There seems to be a pattern of a few new listings and a few new sales each month, so the overall inventory remains somewhat constant.

Town homes/condos:

5 active town home/condo listings

One town home listing in HIghland Creek off NE 87th was cancelled and the home is now off the market. 

Weekly Real Estate Buzz in The Kirkland Highlands Through July 31st, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA, Weekly market update on August 1, 2008 at 1:02 pm

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

Active Listings:  29 (28)

New listings:  3 (1)

Re-listed properties: 2  (1)

Pending inspection:  1 (2) 

Pending:  1 (0)

Closed Sales:  1  (1)

Contingent sale:1 (1)

Number of Price Reductions:3 (2)

Cancelled listings 1 (0)

Expired Listings:3  (1)

Temporarily Off Market:  1 (0)

Price increase:  0(0)

Back on market: 1 (0)

———————————–

0-$349,999:   0(0)

$350,000-$499,999: 5 (6)

$500,000-$749,999:    8 (5)

$750,000-$999,999:  8 (8)

$1,000,000- $1,499,999:  5 (6)

$1,500,000- $2,999,999:   3 (3)
———————————–
Average Price: $839,242 ($865,468)

Median Price:   $852,052 ($864,103)

Average Days on Market: 77(82)

Highest Priced Listing: $1,650,000 ($1,750,000)

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

The closed sale of the week was north of NE 100th.  The 1 1/2 story home sold for $486,000, with a list price of $524,950 and an original asking price of $529,950. Sold in 65 days for 9% below the original asking price.

Each of the homes with new reduced prices this week had been on the market for more than a few weeks before the sellers adjusted the pricing.

Town homes/condos:

5 Active town home/condo listings

One price reduction for a town home on the market for less than a week before dropping the price by $10,000.

What’s Your Five Favorite Reason(s) for Living in Kirkland, Washington?

In Kirkland News, Kirkland WA, WA on July 9, 2008 at 11:28 am

Kirkland, Washington rocks!  According to the July issue of Seattle magazine, Kirkland is just behind Queen Anne as the best overall neighborhood in the Seattle area. According to the magazine, we are Seattle’s Sausalito, a suburb with great access to the water.  Kirkland has:

  • great Lake Washington access
  • good schools
  • compact, walkable downtown
  • restaurants
  • outdoor public pool
  • parks, some right on the water
  • reasonable access to Seattle

Seattle magazine picked the Top Ten Best Neighborhoods and Kirkland came out #7.  The ratings are based on a study of 5 issues: housing affordability, WASL scores, minutes to downtown, crime rates and % of home appreciation. 

All of these are great considerations, but what are your favorite reasons for living in Kirkland?

Celebrating Fourth of July in Kirkland, Washington with a Great Fireworks Show

In Kirkland News, Kirkland WA, WA on July 5, 2008 at 4:02 pm

Not able to see last night’s Fourth of July fireworks over Lake Washington in downtown Kirkland?  Here’s a few minutes of the great show.  It was the first time I had seen the show from the water and it was terrific.  My friends came by and picked us up on their boat and we had a front row seat.  Out on the lake, you could see some of the fireworks from the other shows over in Seattle on Lake Union, the WaMU Family Fourth and theJul-Ivars Fourth in its 44th year over Elliot Bay.

What Were The Chances of Selling A Home In Kirkland in May, 2008

In Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, WA on June 16, 2008 at 6:20 pm

Sellers had a 9.6% chance of selling a home in Kirkland in May, 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.)

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

April, 2008           496 homes for sale, 42 sales,    8.4% chance of selling.

May, 2007          341 homes for sale, 107 sales,  31.3% chance of selling.

The chance of getting a home sold was pretty similar to April’s chances.  Both inventory and sales were up slightly.

Price, condition, price, condition.  The two most critical elements to getting a home sold.  Understand the marketplace and the competition. Find out how many homes are available in your price bracket.  Find out how these homes show.  Homes that show well and are perceived as a value when compared to the competition are the homes receiving the offers.

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

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