Debra Sinick

Posts Tagged ‘first time home buyers tax credit extension’

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Latest Kirkland Highlands Real Estate Buzz, 2-1-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on February 1, 2010 at 5:46 pm

Homes are selling in The Kirkland Highlands. There’s been really great real estate activity recently and homes are selling well. Homes received offers this week priced from the $400s to the 800′s.

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.


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: 21 (21)

New listings: 3 (1)

Pending inspection: 4 (0)

Pending: 1 (2)

Closed Sales: 1 (1)

Number of Price Reductions: 1  (1)

Price increase: 0(0)

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

———————————–

0-$349,999: 0 (0)

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

$500,000-$749,999:  8 (7)

$750,000-$999,999: 5 (7)

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $619,410 ($649,351)

Median Price of homes for sale: $679,970 ($699,990)

Average Days on Market:  69  (64)

Highest Priced Listing: $881,550 ($899,950)

Lowest Priced Listing: $359,950 ($369,950)

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Closed Sales:

$359,950 Last asking price: $359,950, first asking price: $359,950, sold in 72 days for full price.

Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

2-1-09  10,735  There’s about 1000 more homes on the market now than on January 1st of this year.  The number will begin increasing as the year goes on as you can see from last year’s activity.  With the home buyer tax credit and lower number of homes for sale, it’s probably the best time of the year to sell a home in Kirkland.

Number of King County Properties for Sale, 2-01-10

Number of King County Properties for Sale, 2-01-10

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5 Town homes on the market

1 town home new on the market

I town home is now pending with an offer

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Latest Real Estate Buzz in The Kirkland Highlands, 1-18-10

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on January 19, 2010 at 1:21 pm

With the extension of the home buyer tax credit and the lower numbers of homes for sale, if you’re going to sell your home, get started now, rather than later in 2010. I’m getting a lot of calls from potential sellers and I know other Realtors are experiencing the same thing.

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.


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: 21 (20)

New listings: 1 (2)

Pending inspection: 0 (4)

Pending: 2 (3)

Closed Sales: 1 (0)

Number of Price Reductions: 1  (1)

Price increase: 0(0)

Homes off the market that did not sell: 1 (8)

———————————–

0-$349,999: 0 (0)

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

$500,000-$749,999:  7 (7)

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

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $649,351 ($662,819)

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

Average Days on Market:  64  (65)

Highest Priced Listing: $899,950 ($899,950)

Lowest Priced Listing: $359,950 ($369,950)

________________________________

Closed Sales:

$634,500 Last asking price: $689,500, first asking price: $775,000, sold in 193 days for 19% below the first asking price.

The number of homes for sale starts off at a lower point as there are about one third less homes for sale in The Kirkland Highlands than the peak of 2009.  This is good news.

Eight home sellers took their homes off the market in the last three weeks helping market time to drop in half.  Many of these homes had been on the market for a long time, so with the homes off the market, the time to sell a home dropped by 50%.  This trend continues and market time remains half of what was seen at the end of 2009.

Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

1-18-09  10,549

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5 Town homes on the market

1 town home new on the market


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Latest Real Estate Buzz in The Kirkland Highlands, 1-4-10

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on January 4, 2010 at 5:30 pm

Happy New Year, 2010! We start the new year all over Seattle’s eastside with the lowest number of homes and condos on the market since mid 2007.  There are less than 10,000 single family homes and condos on the market today (literally) in King County.  The last time we saw such numbers was in June, 2007.  The Kirkland Highlands is following this pattern, as only 20 homes are on the market right now in the neighborhood.

The homes currently for sale fall between $350-$900,000.  The high end and the very low end of the price range in the Highlands is not represented in the marketplace right now.

With the extension of the home buyer tax credit and the lower numbers of homes for sale, if you’re going to sell your home, get started now, rather than later in 2010.  I anticipate more homes coming on the market as we head towards spring and spring is really not that far away.

The real estate statistics below reflect the activity in The Kirkland Highlands since December 16th, 2009. There are three weeks of information included in the numbers below.  All data is taken from the NWMLS through Monday of this week.


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: 20 (22)

New listings: 2 (0)

Pending inspection: 4 (2)

Pending: 3 (0)

Closed Sales: 0 (1)

Number of Price Reductions: 1  (1)

Price increase: 0(0)

Homes off the market that did not sell: 8 (1)

———————————–

0-$349,999: 0 (1)

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

$500,000-$749,999:  7 (8)

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

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $662,819($662,601)

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

Average Days on Market:  65  (132)

Highest Priced Listing: $899,950 ($1,150,000)

Lowest Priced Listing: $369,950 ($299,000)

________________________________

Closed Sales:

None in the last three weeks.

The number of homes for sale starts off at a lower point as there are about one third less homes for sale in The Kirkland Highlands than the peak of 2009.  This is good news.

Eight home sellers took their homes off the market in the last three weeks helping market time to drop in half.  Many of these homes had been on the market for a long time, so with the homes off the market, the time to sell a home dropped by 50%.

Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

1-4-09  9726

****The smallest number of homes and condos for sale since the summer of 2007!****

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4 Town homes on the market

1 town home sold


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Latest Real Estate Buzz in the Kirkland Highlands, 12-14-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on December 15, 2009 at 9:56 am

The number of homes for sale on Seattle’s eastside, 2943, is the lowest we’ve seen since the spring of 2007.  March, 2007 was the last time the number of homes for sale on the eastside was under 3000!    With the extension of the home buyer tax credit and the lower numbers of homes for sale, if you’re going to sell your home, get started now, rather than later in 2010.

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: 22 (22)

New listings: 0 (0)

Pending inspection: 2 (0)

Pending: 0 (0)

Closed Sales: 1 (1)

Number of Price Reductions: 1  (1)

Price increase: 0(0)

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

———————————–

0-$349,999: 1 (1)

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

$500,000-$749,999:  7 (8)

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

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $662,601($667,906)

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

Average Days on Market:  132 (137)

Highest Priced Listing: $1,150,000 ($1,250,000)

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

________________________________

Closed Sales:

$1,070,000, last asking price $1,225,000, original asking price $1,749,900, sold in 313 days for 39% below the original asking price.

Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

12-14-09 11,335

****The smallest number of homes and condos for sale all year!****

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5 Town homes on the market

1 pending town home sale


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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!

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6 Town homes on the market

1 pending town home sale

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Latest Real Estate Buzz in The Kirkland Highlands, 11-16-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on November 16, 2009 at 3:35 pm

Homes are selling in Kirkland! The number of Kirkland Highlands homes for sale has dropped significantly as there are a third less homes on the market than just a few months ago.  Four homes  received offers in the last two weeks, so homes are moving. Homes receiving offers in the last two weeks ranged from the high 300′s to just over one million dollars.

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.

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: 22 (25)

New listings: 0 (1)

Pending inspection: 0 (2)

Pending: 4 (0)

Closed Sales: 1 (0)

Number of Price Reductions: 1  (2)

Price increase: 0(0)

Homes off the market that did not sell: 1 (5)

———————————–

0-$349,999: 1 (1)

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

$500,000-$749,999:  7 (9)

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

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $653,891($656,175)

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

Average Days on Market:  152 (141)

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

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

________________________________

Closed Sales:

$375,000 final asking price 379,500, original asking price $379,500, sold in 34 days for 1.5% below the original asking price.

Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

11-16-09 12,186  The least number of homes and condos for sale since January of this year!

————————–

7 Town homes on the market

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Latest Real Estate Buzz in The Kirkland Highlands, 11-2-09

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on November 6, 2009 at 11:21 am

The drop in the number of homes and condos for sale in King County continues.   We have not seen these numbers since early February. Hmm…maybe it’s a good time to think about selling because there’s less competition!  Plus, the first time home buyer tax credit is looking like it may be extended and expanded to include other buyers!

The Kirkland Highlands Real Estate Buzz post reporting on the latest real estate activity in the neighborhood has moved from Fridays to Mondays.  The “Hot Price of the Week” post will now be at the end of the week instead.

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 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: 25 (29)

New listings: 1 (1)

Pending inspection: 2 (0)

Pending: 0 (1)

Closed Sales: 0 (3)

Number of Price Reductions:  2  (1)

Price increase: 0(0)

Homes off the market that did not sell: 5 (3)

———————————–

0-$349,999: 1 (1)

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

$500,000-$749,999:  9 (11)

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

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

$1,500,000- $2,999,999: 0 (0)
———————————–
Average Price of homes for sale: $656,175 ($702,212)

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

Average Days on Market:  141 (142)

Highest Priced Listing: $1,250,000 ($1,298,000)

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

There were no closed sales this week:

________________________________


7 Town homes on the market

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Peak in the number of homes for sale in 2009:

7-27-09  13,861

Now:

11-2-09 12,324

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