There haven’t been a lot of homes for sale in the Kirkland Highlands since the beginning of this year. The trend continues as only 16 homes are now for sale.  All of the homes are priced below $750,000, which is also unusual.

The one recent closed sale was for $1,040,000,  the first million+ sale in a while.  Ironically, in my last post on weekly stats, I mentioned a home had sold for $163,000,at the opposite end of the pricing spectrum.  This sale was by far the lowest sale in the neighborhood, possibly within the last decade!  It was unusual as it was a bank owned property that was almost gutted.  There aren’t many homes in comparable shape in the Highlands, so I suspect this will be the lowest priced home sale will see possibly for the next decade.

Most of the homes that have recently received offers were sold within a short amount of time.  Buyers are starting to get off the fence and will buy those homes that are looking good and great values. These are the homes that sell quickly.  The other homes just sit on the market and go through several price reductions before selling.

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: 16 (14)

New listings: 3 (0)

Pending inspection: 1 (1)

Pending: 2 (0)

Closed Sales: 1 (3)

Number of Price Reductions: 2  (2)

Price increase: 0 (0)

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

———————————–

0-$349,999: 3 (4)

$350,000-$499,999: 9 (7)

$500,000-$749,999:  4 (3)

$750,000-$999,999: 0 (0)

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

$1,500,000- $2,999,999: 0 (0)
———————————–

________________________________

Closed Sales:

$1,040,000  final sales price,  $1,150,000 last asking price, $1,950,000 original asking price, sold in 342 days for 47% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

1 is now pending

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

2-14-11  10,530

If you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market.

Feel free to contact me if you have questions about how to position your home so you can get the best price when selling.

Hardly anyone seems to be moving in the Kirkland Highlands.  Is everyone staying put?  There are only 14 homes on the market this week.  Usually by the end of January more, rather than less, homes are for sale.  Two weeks ago there were 16 homes for sale, which is already on the low side and now there are two less homes for sale.  None of the homes for sale are priced above $750,000 right now!

Hmm… seems like a good time to think about selling your home if you plan to make a move in the next few months.

The real estate market will still be a challenge.  That’s not going to change anytime soon,  but the home sellers who’ve positioned their homes to be the best value in the marketplace will sell their homes.  Feel free to contact me if you have questions about how to position your home so you can get the best price.

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: 14 (16)

New listings: 0 (4)

Pending inspection: 1 (2)

Pending: 0 (3)

Closed Sales: 3 (3)

Number of Price Reductions: 2  (1)

Price increase: 0 (0)

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

———————————–

0-$349,999: 4 (4)

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

$500,000-$749,999:  3 (5)

$750,000-$999,999: 0 (0)

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

$1,500,000- $2,999,999: 0 (0)
———————————–

________________________________

Closed Sales:

$163,000  final sales price,  $171,460 last asking price, $280,000 original asking price, sold in 112 days for 42% below the original asking price.  This home was unique because it was in need of a complete rehab.

$580,000  final sales price,  $610,000 last asking price, $873,550 original asking price, sold in 1125 days for 34% below the original asking price. (bank owned property.)

$875,000  final sales price,  $895,000 last asking price, $895,000 original asking price, sold in 42 days for 2.5% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

1 sold

$259,000  final sales price,  $299,000 last asking price, $359,000 original asking price, sold in 318 days for 28% below the original asking price.

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

1-31-11  10,435

If you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market. Feel free to contact me if you have any questions about the real estate market or pricing on for your home.

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

$300-399,999, $500-599,999 3 sales each

• The price range with the most Kirkland homes for sale: $300-399,999 37 homes. 

• There were a total of 247 homes for sale in Kirkland and 15 homes sold.

Five less homes are on the market this week and there are 4 more home sales than last week.  A good direction to be heading!  The week before had an increase in the number of homes, so numbers are still bouncing around right now.  So far this year, no price range dominates home sales.  Sales are happening in all price ranges right now.

Kirkland Real Estate Sales

There are a lot fewer homes on the market right now.   If you plan to make a move, try to do it before the middle of the summer.  In fact, try to do it as early as possible in the year.  You can see from the numbers at the bottom of this post, more homes will be coming on the market as the year progresses.

• Here’s how the chart is 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 as many selling. Homes take longer than 6 months to sell.
  • 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.  Homes take between 3-6 months to sell.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.  Homes sell in under 3 months.

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 for the week.

There are three columns under each week. On the left side of the column is the number of homes for sale, the actives, in a particular price range.  The middle column shows how many homes sold that week, the pendings,  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 3.9 months to sell all the homes in the $400-499,999 price range.

————————————-

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.

In 2010?

• 1-4-10    9726

• 7-26-10       14,639

• 12-27-10    11,015

In 2011?

• 1-3-11           10,008
• 1-17-11          10,361

There are 16 homes for sale in The Kirkland Highlands, one less than the start of the year.  I’m sure the number will increase as is typical for the year, so if you want to make a move this year, don’t wait too much longer.

The Kirkland Highlands got off to a healthy start in real estate this year.  Several homes have already sold and three home sales closed this week.  The homes that recently received offers were priced up to the low $800′s.  Four of the five recent homes sales, which are now pending or pending inspection, were either short sales or bank owned properties.

This year we’ll still see a challenging market, but it will be easier for the home sellers who have positioned their homes to be the best value in the marketplace.  Feel free to contact me if you have questions about how to position your home so you can get the best price.

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: 16 (17)

New listings: 4 (1)

Pending inspection: 2 (1)

Pending: 3 (1)

Closed Sales: 3 (4)

Number of Price Reductions: 1  (4)

Price increase: 0 (0)

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

———————————–

0-$349,999: 4 (4)

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

$500,000-$749,999:  5 (5)

$750,000-$999,999: 0 (1)

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

$1,500,000- $2,999,999: 0 (0)
———————————–

________________________________

Closed Sales:

$492,000  final sales price,  $499,900 last asking price, $539,900 original asking price, sold in  86 days for 9% below the original asking price.

$575,000  final sales price,  $599,000 last asking price, $660,000 original asking price, sold in 1105 days for 13% below the original asking price.

$810,000  final sales price,  $849,950 last asking price, $875,000 original asking price, sold in 59 days for 7% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

3 town homes for sale

1 pending

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

1-17-11  10,361

Remember, if you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market. Feel free to contact me if you have any questions about the real estate market or pricing on for your home.

Kirkland Real Estate Sales 01-12-11

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

$200-299,999, $400-499,999 and $800-899,999   2 sales each

• The price range with the most Kirkland homes for sale: $300-399,999 38 homes. 

• There were a total of 252 homes for sale in Kirkland and 11 homes sold.

All the sales were for homes priced below $1 million.  Ten more homes are already on the market this week than last week.  Five of the new listings are between $300-399,999, the area’s most popular price range.

There still are a lot fewer homes on the market right now.   If you plan to make a move, try to do it before the middle of the summer.  In fact, try to do it as early as possible in the year. Your home will be competing with far fewer homes.

• Here’s how the chart is 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 as many selling. Homes take longer than 6 months to sell.
  • 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.  Homes take between 3-6 months to sell.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.  Homes sell in under 3 months.

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 for the week.

There are three columns under each week. On the left side of the column is the number of homes for sale, the actives, in a particular price range.  The middle column shows how many homes sold that week, the pendings,  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 4.8 months to sell all the homes in the $400-499,999 price range.

————————————-

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.

In 2010?

• 1-4-10    9726

• 7-26-10       14,639

• 12-27-10    11,015

In 2011?

• 1-3-11           10,008
• 1-10-11          10,283

There are 17 homes for sale in The Kirkland Highlands at the start of the year.

So are you going to wait to sell your home until there are 30 homes in the neighborhood on the market?  That will happen, probably when we get closer to summer, so don’t wait too long if you plan to sell this year.

There’s been a big drop in the number of homes for sale between $500-$750,000, one of the most popular price ranges in the Highlands.  Just weeks ago there were 11 homes for sale and now there are 5 available.  These homes did not just go off the market, many of them sold.

This year we’ll still see a challenging market, but it will be easier for the home sellers who have positioned their homes to be the best value in the marketplace.  Feel free to contact me if you have questions about how to position your home so you can get the best price.

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: 17 (18)

New listings: 1 (1)

Pending inspection: 1 (1)

Pending: 1 (4)

Closed Sales: 4 (1)

Number of Price Reductions: 4  (1)

Price increase: 0 (0)

Homes off the market that did not sell: 3 (4)

———————————–

0-$349,999: 4 (3)

$350,000-$499,999: 6 (4)

$500,000-$749,999:  5 (8)

$750,000-$999,999: 1 (2)

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

$1,500,000- $2,999,999: 0 (0)
———————————–

________________________________

Closed Sales:

$330,000  final sales price,  $330,000 last asking price, $396,900 original asking price, sold in 121 days for 17% below the original asking price.

$570,000  final sales price,  $625,000 last asking price, $877,335 original asking price, sold in 1091 days for 35% below the original asking price.

$585,000  final sales price,  $625,000 last asking price, $868,530 original asking price, sold in 1036 days for 23% below the original asking price.

$595,000  final sales price,  $595,000 last asking price, $881,180 original asking price, sold in 27 days for 23% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

3 town homes for sale

1 pending

1 sold

$375,000  final sales price,  $365,000 last asking price, $495,000 original asking price, sold in 127 days for 25% below the original asking price.

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

We almost matched last year’s number for the first of the year.  Remember, if you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market. Feel free to contact me if you have any questions about the real estate market or pricing on for your home.

The last post of the year!  Hard to believe we’re here so fast.   Have a terrific 2011!

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

$300-399,999, $400-499,999 and $700-799,999   2 sales each

• The price range with the most Kirkland homes for sale: $300-399,999 37 homes. 

• There were a total of 260 homes for sale in Kirkland and 10 homes sold.

• Here’s how the chart is 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 as many selling. Homes take longer than 6 months to sell.
  • 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.  Homes take between 3-6 months to sell.
  • Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.  Homes sell in under 3 months.

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 for the week.

There are three columns under each week. On the left side of the column is the number of homes for sale, the actives, in a particular price range.  The middle column shows how many homes sold that week, the pendings,  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 4.1 months to sell all the homes in the $400-499,999 price range.

————————————-

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.

In 2010?

• 1-4-10    9726

• 7-26-10       14,639

• 12-27-10    11,015

Happy New Year!