Debra Sinick

Posts Tagged ‘$8000 first time home buyer tax credit’

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What Was The Hot Range of the Week for Kirkland Home Sales, 9-30-09?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on October 5, 2009 at 12:45 pm

Remember, only a couple of weeks to left to buy a home and use the $8000 first time home buyer tax credit since your home purchase must close by November 30th, 2009.  You’ll need at least 30-45 days to close the sale, so if you want to buy and use the tax credit, get out there!

The hot price range of the week in Kirkland?   $1000-$1,499,999

  • Most number of home sales $1,000,000-1,499,999:  4 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  59 homes for sale.  This number is going down, down. This is great news, since only a few months ago, there were well over 70 Kirkland homes for sale in this price range,
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-19-09, when 32 homes sold, a new total for the most number of weekly home sales.
  • The high end for Kirkland home sales is bouncing back with less homes for sale and more homes selling.  There’s still a terrific choice, so buyers don’t have to compromise, but there’s less competition amongst sellers.  It’s a positive sign o see the sales happening in this price range.
  • Three homes sold in the $500-599,000 range, otherwise only one home sold in each price range.  Several price ranges had no sales, as you can see below.
  • Peak  of home for sale in King County so far this year?
  • July 27th marked a high of 13,861 homes for sale.
  • Week of 9-28-09  13, 388 homes and condos for sale in King County.  Another piece of good news:  only 31 more homes and condos are for sale the past two weeks.  That’s terrific news.

There were 410 homes for sale in Kirkland and 14 homes sold last week.

Kirkland Real Estate Activity- 09-30-09

Kirkland Real Estate Activity- 09-30-09

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 2.7 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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Latest Real Estate Buzz in The Kirkland Highlands, 10-1-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on October 1, 2009 at 1:39 pm

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 Thursday morning.


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: 30 (30)

New listings: 0 (2)

Pending inspection: 0 (1)

Pending: 1 (1)

Closed Sales: 3 (1)

Number of Price Reductions:  4  (4)

Price increase: 0(0)

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

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0-$349,999: 1 (1)

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

$500,000-$749,999:  12 (12)

$750,000-$999,999: 8 (8)

$1,000,000- $1,499,999: 2 (3)

$1,500,000- $2,999,999: 0 (0)
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Average Price of homes for sale: $682,938 ($722,220)

Median Price of homes for sale: $695,975 ($707,975)

Average Days on Market:  129 (117)

Highest Priced Listing: $1,298,800 ($1,400,000)

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

The good news continues as homes are selling in The Kirkland Highlands.

Three closed sales this week:

$300,000 Original list price of $450,000, final list price of $349,950, sold in 410 days, 30% below the original asking price.

$540,000 Original list price of $585,000, final list price of $575,000, sold in 16 days, 9% below the original asking price.

$545,000 Original list price of $599,999, final list price of $589,999, sold in 96 days, 11% below the original asking price.

There are new NWMLS (Northwest Multiple Listing Service) rules on blogging about listings.  No longer can any comments be made regarding any home sales.  Since I live in the Kirkland Highlands and know it so well, in the past I’ve given my opinions about why a home may have sold.  With these new rules, I no longer can do this, so I’ll just be reporting the facts, which are considered public information.

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7 Town homes on the market
2 price reduction
1 sold

$545,000 Original list price of $579,000, final list price of $579,000, sold in 54 days for 8% below the original asking price.

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Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

9-28-09  13,388

Only 31 homes and condos have come up on the market in King County in the last two weeks, which is good news for all.

Don’t forget, the first time buyer $8000 tax credit is going away soon. First time home buyers must close on a home purchase no later than November, 30th, 2009 to be eligible for the tax credit.  This means it’s best to purchase a home no later than mid-October in order to close on time.

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What’s The Hot Price Range of the Week for Kirkland Home Sales, 9-23-09?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 28, 2009 at 6:27 am

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

  • Most number of home sales $300,000-399,999:  6 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  66 homes for sale.  This number is up by two homes, but still much lower than the 75 homes in this price range only a few weeks ago.
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-19-09, when 32 homes sold, a new total for the most number of weekly home sales.
  • With more home sales in the million plus range over the last few weeks,  it shows a return of confidence in the real estate market.  The affordable price ranges are fueled by first time buyers and the $8000 first time home buyer tax credit.  The more expensive price ranges are fueled by people choosing to make a move up, something we haven’t seen as much lately.
  • Peak  of home for sale in King County so far this year?
  • July 27th marked a high of 13,861 homes for sale.
  • Week of 9-23-09  13, 373 homes and condos for sale in King County.
  • Are the sales in the more affordable price ranges bolstered by the $8000 first time buyer tax credit?  It wouldn’t surprise me, but it remains to be seen when the tax credit expires November, 30, 2009.  If you plan to use the first time home buyer tax credit, you have a few weeks left to find a home and make an offer.  There will be a lot of buyers trying to close home sales by the deadline, so it could get pretty busy.  Remember Thanksgiving and King County furlough days will eliminate some of the time available to close in November.  There is a movement to extend the credit, but we have no confirmation of that at this time.

There were 417 homes for sale in Kirkland and 19 homes sold last week.

Kirkland Home Sales - 09-23-09

Kirkland Home Sales - 09-23-09

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 2.7 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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Latest Real Estate Buzz in The Kirkland Highlands, 9-17-08

In buyers, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 18, 2009 at 4:19 pm

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 Thursday morning.   Sometimes less data is more, I’ve simplified the updates to include the most important information about real estate sales in Kirkland.


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: 30 (29)

New listings: 2 (3)

Pending inspection: 1 (3)

Pending: 1 (5)

Closed Sales: 1 (2)

Number of Price Reductions:  4  (9)

Price increase: 0(0)

Homes off the market that did not sell: 1 (0)

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0-$349,999: 1 (1)

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

$500,000-$749,999:  12 (11)

$750,000-$999,999: 8 (8)

$1,000,000- $1,499,999: 3 (3)

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $722,220 ($735,352)

Median Price of homes for sale: $707,975 ($718,950)

Average Days on Market:  117 (108)

Highest Priced Listing: $1,400,000 ($1,255,000)

Lowest Priced Listing: $285,000 ($299,000)

The good news is homes are starting to sell in Kirkland. We’re still seeing price reductions from the $300,000 range up to the $700,000 price point in the past two weeks.   The reductions were hefty, ranging from $100,000 to $31,000.

Edwards Place, which is priced in the 300′s has had two sales recently.  Market time is increasing a bit, it was 94 days a few weeks ago and it’s now around 117 days.

$895,000  Martha’s Vineyard daylight rambler with 4000 square feet, 4 bedrooms, 3.5 baths on a large greenbelt lot.  This home was listed at $925,000 and sold in 30 days for 3% under the original asking price.

This home, which was only two years old, was just gorgeous.  Beautifully done with terrific appointments, it really stood out from the competition with its quality and price.  The owner was smart to list it with a good asking price, because so many other homes in that price point have not sold yet.
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7 Town homes on the market
1 price reduction

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Peak in the number of homes for sale in 2009:

7-27-09  13,861

9-14-09  13,357

Don’t forget, the first time buyer $8000 tax credit is going away soon. First time home buyers must close on a home purchase no later than November, 30th, 2009 to be eligible for the tax credit.  This means it’s best to purchase a home no later than mid-October in order to close on time.

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