The number of homes for sale in the Kirkland Highlands’ neighborhood crossed above 30 for sale for the first time in a long time.  Four homes were newly listed for sale in The Kirkland Highlands over the past two weeks and all but one of the homes is priced above $1.2 million.  More homes are coming up for sale in the Highlands priced above $1 million than have been most of 2010.  Two of the three new high end listings are for new construction homes.

There were several prices reduced on homes and all of them were in the $400′s-$500′s.  One home’s price was increased after a couple of months on the market.

On the town home side, one listing came up this week that did not seem to show up last week, hence one of the reasons there are now 4 town homes for sale when the last report had 2 available.  (More of the kinks are worked out of our new MLS system, but occasionally there are still some out there.)

In most areas of Seattle’s eastside we are seeing the number of homes for sale dropping, which is typical for this time of year.

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 of this week.

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 corridor. 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: 31 (27)

New listings: 4 (3)

Pending inspection: 0 (1)

Pending: 1 (0)

Closed Sales: 0 (1)

Number of Price Reductions: 2  (2)

Price increase: 1 (0)

Homes off the market that did not sell: 2 (3)

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0-$349,999: 0 (1)

$350,000-$499,999: 7 (4)

$500,000-$749,999:  15 (17)

$750,000-$999,999: 4 (3)

$1,000,000- $1,499,999: 5 (2)

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: N/A with new MLS system*

Median Price of homes for sale: N/A with new MLS system

Average Days on Market:  N/A

Highest Priced Listing: $1,450,000 ($1,299,000)

Lowest Priced Listing: $360,000 ($330,000)

________________________________

Closed Sales:

KIRKLAND HIGHLANDS TOWN HOMES:

4 town homes for sale

1 back on the market

7-27-09  13,861

Start of 2010:

9,726

Now:

9-7-10  14,172   So far, the highest number of homes in King County for sale in 2010 was at the end of July, when the number hit 14,639. I think the number of King County homes for sale is dropping, and, hopefully, will continue to do so.

* The statistics portion of the new NWMLS (Northwest Multiple Listing Service) is currently not working.  Our new system is having the kinks worked out.  Stay tuned!

This week’s hot price for Kirkland Washington home sales:

$700-799,999  4 sales

• Most Kirkland homes for sale: $400-499,999   64 homes.

• There were 382 homes for sale in Kirkland and 10 homes sold last week.
  

• Most number of homes for sale in the last 7 weeks:   382 homes for sale,  8-11-10
• Highest number of homes sold in Kirkland in the last 7 weeks:  7-14-10, 7-21-10, and 8-4-10 with 15 sales each.

• Peak  of homes and condos for sale in King County in 2009?
• July 27th marked a high of 13,861 homes and condos for sale in King County.

• 1-4-10 9726
• 7-12-10   14,235
• 8-9-10     14,515

Two weeks ago there were 14,639 homes available for sale in King County?  Was this the peak of homes for sale this year?

This chart is updated weekly by (Windermere Real Estate/East, Inc., using MLS data) to show the price ranges of the homes sold each week.  Here’s how it’s set up:

The colors show who has the advantage in a particular price range.

• Green means the buyer has the advantage with many homes to choose from and not that many selling.
• Yellow means the number of homes for sale and the number of sales in the price range is balanced between the buyer and the seller.
• Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

Kirkland WA Real Estate Sales, 8.11.10

Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.

Across the top, the chart is broken down into real estate activity by the week. If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in Kirkland.  The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale.  In other words, if no other homes came up for sale, it would take an average of 6.2 months to sell all the homes in the $400-499,999 price range.

This week’s hot prices for Kirkland Washington home sales:

6-9-10:  below $299,999, $300-399,999, and $800,000-899,999 3 sales each

• Most Kirkland homes for sale:  $400-499,999   57 homes.

• There were 364 homes for sale in Kirkland and 15 homes sold last week.
  

• Most number of homes for sale in the last 7 weeks:   372 homes for sale, 5-26-10
• Highest number of homes sold in Kirkland in the last 7 weeks:  5-5-10 with 18 sales.

• Peak  of homes and condos for sale in King County in 2009?
• July 27th marked a high of 13,861 homes and condos for sale in King County.
• 1-4-10 9726
• 6-7-10   13,615  The number of King County homes (single family and condos) for sale has been bouncing back and forth in the low 13,000 range since mid-April.

Kirkland WA Home Sales, 6-9-10

This chart is updated weekly by (Windermere Real Estate/East, Inc., using MLS data) to show the price ranges of the homes sold each week.  Here’s how it’s set up:

The colors show who has the advantage in a particular price range.

• Green means the buyer has the advantage with many homes to choose from and not that many selling.
• Yellow means the number of homes for sale and the number of sales in the price range is balanced between the buyer and the seller.
• Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.

Across the top, the chart is broken down into real estate activity by the week. If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in Kirkland.  The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale.  In other words, if no other homes came up for sale, it would take an average of 4.3 months to sell all the homes in the $400-499,999 price range.