Debra Sinick

Posts Tagged ‘2010 home buyer tax credit’

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What Were The Odds of Selling Your Kirkland Home in January, 2010?

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on February 15, 2010 at 11:25 am
Kirkland Home Sales in January, 2010

Kirkland Real Estate Sales, Jan 2010

January, 2010         316 homes for sale,        72 home sales                      23% odds of selling a home.

December, 2009    321 homes for sale         49 (now 44)  home sales     15 (now 14)% odds of selling a home.

January, 2009        373 homes for sale         35 home sales      (now )% odds of selling a home.*

*(Reflects the revised percentage of homes sold because some home sales failed.)

The odds of selling is another way to characterize the “absorption rate” in which we take the number of homes sold in a particular month and divide it by the number of homes on the market. This number tells us what the odds are that a home will sell.

If you click on this link, you’ll see the MLS charts which show the real estate trends, including median price, for the past five years in Kirkland.

Real estate is back on track in Kirkland!  The absorption rate is the highest I’ve in years.  Not only did Kirkland real estate end 2009 on a positive note, the beginning of 2010 is off to a great start. Fewer homes are on the market and more homes are now selling.   Prices are not going up, which is true just about anywhere these days, except in some neighborhoods of Seattle.  Median pricing is down to $499,950, while the number of sales increased by 90%.

I am hopeful the 2010 home buyer tax credit, which now includes most buyers, will continue the positive trend in Kirkland real estate sales, particularly through the first quarter of 2010.

For the complete picture of home sales on Seattle’s eastside, check out my eastside blog post.

The Seattle Times talked about the uptick in real estate sales in January, 2010

What do you see happening with real estate in Kirkland?


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Hot Sales Price of the Week for Kirkland Homes, 2-10-10

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on February 12, 2010 at 2:34 pm

The hot price range of the week in Kirkland?   $400-499,999

  • Most number of home sales in Kirkland: $400-499,999  6 sales
  • Most number of homes for sale:  $1,000,000-1,499,999   37 homes for sale
  • There were 319 homes for sale in Kirkland and 18 homes sold last week.  Again, the solid real estate activity in Kirkland continues.
  • Most number of homes for sale in the last 7 weeks:  12-30-09,  321 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:  1-20-10,  with 24 homes sold.

  • 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.
  • Week of 2-8-10   11,102   There are 1376 more properties for sale in King County than on January 1, 2010.

Remember, there are less than 80 days left to use the home buyer’s tax credit. Almost all buyers who purchase a home for less than $800,000 are eligible for the tax credit, not just first time home buyers.  Since Kirkland home sales are up, if you’re going to sell your home, do it soon, so you can take advantage of the increase in buyer activity. Buyers will benefit from the 2010 home buyer tax credit and great interest rates. Home buyers and sellers both can benefit in this real estate market, something which is rare in the Seattle area.

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 Real Estate, 2-10-10

Kirkland Home Sales, 2-10-10

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 1.9 months to sell all the homes in the $400-499,999 price range.  The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.

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Hot Price Range of the Week for Kirkland Home Sales, 2-3-10

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on February 4, 2010 at 11:57 pm

The hot price range of the week in Kirkland?   $400-499,999

  • Most number of home sales in Kirkland: $400-499,999  5 sales.
  • Most number of homes for sale  $700-799,999 ( a new price range for this category)  39 homes, $400-499,999 is right behind it with 38 homes for sale.
  • There were 310 homes for sale in Kirkland and 20 homes sold last week.  There’s been great real estate sales activity each week of 2010.
  • Most number of homes for sale in the last 7 weeks:  12-23-09,  334 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:  1-20-10,  with 24 homes sold.

  • 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.
  • Week of 1-18-10   10,735  A few less than last week, but 1000 more homes and condos for sale in King  County than the first week of the year.

There are only 84 days left to use the home buyer’s tax credit. If you’re going to sell your home, do it soon, so you can take advantage of more buyer activity.  For Kirkland home sellers, there’s less homes to compete with and more homes are selling.  The buyers benefit from the 2010 home buyer tax credit and great interest rates.  Is the best win-win situation we’ve seen in real estate for years.  Home buyers and sellers both benefit in this real estate market.

Buyers, if you want to buy, start looking soon, so you’re not rushed to buy a home during the last weeks of April.  If you start now, you’ll be able to learn the market and choose the home that works best for you.

Kirkland Home Sales 2-3-10

Kirkland Real Estate Sales, 2-3-10


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 2.0 months to sell all the homes in the $400-499,999 price range.The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.

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Hot Sales Price of the Week for Kirkland Home Sales, 1-27-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, rails to trails, sellers on January 29, 2010 at 9:41 am

The hot price range of the week in Kirkland?   $400-499,999 and $500-599,999

  • Most number of home sales in Kirkland: $400-499,999 and $500-599,999 4 sales each.
  • Most number of homes for sale  $1000-1,499,999 with 40 homes for sale.
  • Exciting news $1,500,000-$1,999,999-3 homes sold.
  • There were 315 homes for sale in Kirkland and 19 homes sold last week.  There’s been good sales activity each week of 2010.
  • Most number of homes for sale in the last 7 weeks:  12-16-09,  342 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:   last week, 1-20-10,  with 24 homes sold.

  • 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.
  • Week of 1-18-10   10,743  There are now almost 1000 more homes and condos for sale in King  County than the first week of the year.

There are less than 100 days to use the home buyer’s tax credit. If you’re going to sell your home, do it soon, so you can take advantage of more buyer activity.  Even with the increase in the number of properties for sale, the number is still on the low side.  There’s a good number of Kirkland homes sales and with the 2010 home buyer tax credit and great interest rates to attract home buyers, this may very well be the best time in 2010 to sell your Kirkland home.  I’m calling this the real estate trifecta, something every home seller and buyer can benefit from as the odds are more in favor of a stronger real estate market than we’ve seen in years.

Buyers, if you want to buy, start looking soon so you’re not rushed to buy a home during the last weeks of April.  If you start now, you’ll be able to learn the market and choose the home that works best for you.

Real Estate Sales in Kirkland, 1-28-10

Kirkland Home Sales 1-28-10

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 2.4 months to sell all the homes in the $400-499,999 price range.The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.

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Hot Sales Price of the Week for Kirkland Homes, 1-20-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on January 22, 2010 at 12:36 pm

What was the hot price range of the week in Kirkland?   $300-399,999

  • Most number of home sales in Kirkland: $300-399,999 7 sales.
  • Most number of homes for sale  $1000-1,499,999 with 41 homes for sale.
  • There were 303 homes for sale in Kirkland and 24 homes sold last week.  More home sales are happening.
  • Most number of homes for sale in the last 7 weeks:  12-9-09,  356 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:   this week with 24 homes sold.

  • 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.
  • Week of 1-18-10   10,549  homes and condos for sale in King  County.  The numbers are creeping up bit by bit from the historic low of the first week of the year.

There are less than 100 days to use the home buyer’s tax credit. If you’re going to sell, do it soon, so you can take advantage of more buyer activity.  With the overall drop in the number of properties for sale, the increase in sales, and the 2010 home buyer tax credit, this is a good time to think about selling your home.  If you’re thinking of making a move in the spring, there’s likely to be more homes and condos for sale on the eastside, meaning more competition to sell.  Each week, there are more properties for sale.  Since the first of the year, we’ve add over 700 properties to the market.

Buyers, if you want to buy, start looking soon so you’re not rushed to buy a home in the last weeks of April.  If you start now, you’ll be able to learn the market and choose wisely.

Kirkland Real Estate Sales, 1-20-10

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 2.8 months to sell all the homes in the $400-499,999 price range.The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.

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Hot Price Range for Kirkland Home Sales, 1-13-10

In Kirkland WA, Real estate, Weekly market update on January 15, 2010 at 3:34 pm

What was the hot price range of the week in Kirkland?   $300-399,999

  • Most number of home sales in Kirkland: $300-399,999 4 sales.
  • Most number of homes for sale, a new price range!  $500-599,999 with 42 homes for sale.
  • The “traditional” price range with the most number of homes,  $1,000,000-1,499,999, is now second with 41 homes for sale.
  • There were 305 homes for sale in Kirkland and 16 homes sold last week.
  • The number of homes for sale in Kirkland was at the lowest point last week that we’ve seen in years.  It just started to creep up, with the addition of 15 more homes for sale.
  • Most number of homes for sale in the last 7 weeks:  12-9-09,  356 homes for sale.
  • Highest number of homes sold in Kirkland in the last 7 weeks:   12-2-09 and this past week, 1-13-10, when 16 homes sold each week.

  • 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.
  • Week of 1-11-10   10,294  homes and condos for sale in King  County.  Not as low a number as last week,  but still a low number for the number of homes on the market in the past three years.

With the overall drop in the number of properties for sale, the increase in sales, and the 2010 home buyer tax credit, this is a good time to think about selling your home.  If you’re thinking of making a move in the spring, there’s likely to be more homes and condos for sale on the eastside, meaning more competition to sell.

Kirkland Real Estate Sales, 1-14-10

Kirkland Home Sales 1-13-10

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 2.9 months to sell all the homes in the $400-499,999 price range.

The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.

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What Were The Odds of Selling Your Kirkland Home in December, 2009?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics on January 14, 2010 at 12:28 pm

Kirkland Real Estate Sales, Dec 2009

December, 2009    321 homes for sale         49 homes sales                      15% odds of selling a home.

November, 2009   371 homes for sale          54 (now 49) home sales      15 (now 13)% odds of selling a home.*

December, 2008   421 homes for sale          19 homes sold                        4.5% odds of selling a home.

*(Reflects the revised percentage of homes sold because some home sales failed.)

If you click on the link, you’ll see the MLS charts which show the real estate trends, including median price, for the past five years in Kirkland.

The odds of selling is another way to characterize the “absorption rate” in which we take the number of homes sold in a particular month and divide it by the number of homes on the market. This number tells us what the odds are that a home will sell.

The median price in Kirkland dropped from $694,450 to $491,000, a 29% drop in value.  However, the number of Kirkland home sales held fairly steady over the last 4 months.

The number of sales increased by 136% from December, 2008! More buyers felt it was safe to buy a home.

A few quick facts from 2009 Kirkland real estate:

  • Month with the most number of homes to sell: January
  • Month with the least number of homes to sell: December
  • Month with the most home sales: August
  • Month with the least home sales: March

The real estate market in Kirkland is so much stronger than it was in 2008 and the first part of 2009.  The good news for Kirkland is the year ended on a positive note.  Fewer homes are on the market and more homes are now selling, although prices are down.    On Seattle’s eastside the number of homes for sale is the lowest number we’ve seen since March, 2007.

I am hopeful the 2010 home buyer tax credit, which now includes most buyers, will continue the positive trend in Kirkland real estate sales, particularly through the first quarter of 2010.

For the complete picture of home sales on Seattle’s eastside, check out my eastside blog post.

What are your thoughts about the Kirkland real estate market in 2009?


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