Debra Sinick

Posts Tagged ‘Kirkland home prices’

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How Were Kirkland Real Estate Sales in September, 2010?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, Redmond, WA, Redmond, WA real estate, sellers on October 13, 2010 at 3:59 pm

 

Real Estate Sales in Kirkland, WA

Kirkland, WA Real Estate Sales, Sept 2010

 

September, 2010  387 homes for sale         49 homes sold                   13% odds of selling

August, 2010       369 homes for sale        51(was 53) homes sold    14%  odds of selling.*

September, 2009      418 homes for sale      50  homes sold                  12 % odds of selling

*(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.  So if the odds are 10% then 10 out of 100 homes are selling.

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.

Where’s Kirkland WA?


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The median price in Kirkland increased from $549,950 to $599,000. Remember the median price for each month only reflects the home sales for that particular month.  It’s important to track pricing over several months to get a more accurate reading.  Prices look as if they’ve gone up, based on the last two months sales.  But please take this with a big grain of salt and look at the entire year.

Kirkland home sales have been fairly steady since May, with about 45-50 homes selling most months.   The best two months so far for the year were in March and April as buyers rushed to buy before the tax credit.  Ironically, there’s a great selection of homes, terrific interest rates, and a lot less competition from buyers right now.

What do you see happening in Kirkland real estate?  Could it be fears about the election are holding people back?

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on September 16, 2010 at 9:28 am
Real Estate Activity in Kirkland, August, 2010

Kirkland Real Estate Sales, August 2010

August, 2010       369 homes for sale         53 homes sold                   14% odds of selling

July, 2010            376 homes for sale         52 (was 58) homes sold   14%  (was 15 %) odds of selling

August, 2009      428 homes for sale         69  homes sold                  16 % odds of selling

*(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.

Where’s Kirkland WA?


View Larger Map

The median price in Kirkland increased from $581,919 to $641,000. Remember the median price for each month only reflects the home sales for that particular month.  It’s important to track pricing over several months to get a more accurate reading.

Home sales are on par with the last few months and slightly less than last year at this time.

What do you see happening in Kirkland real estate?

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on August 12, 2010 at 1:05 pm
Real Estate Sales Activity in Kirkland, WA for July, 2010

Kirkland, WA Real Estate Sales for July 2010

July, 2010            376 homes for sale           58 homes sold                       15 % odds of selling

June, 2010           356 homes for sale,         46(was 45)  homes sold       13% odds of selling.

May, 2010            374 homes for sale,         52 (was 56) homes sold        14% ( was 15)% odds of selling a home.*

July, 2009           458 homes for sale           53  homes sold                  12 % 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.

Where’s Kirkland WA?


View Larger Map

The median price in Kirkland decreased from $599,000 to $549,900. In June, Kirkland’s median price increased from $596,925 to $624,950.   Remember the median price for each month only reflects the home sales for that particular month.  It’s important to track pricing over several months to get an accurate reading.

The number of Kirkland homes  sold in June increased by 3% compared to July, 2009.  However, the number of homes for sale is a lot less than last year, with 16.5% less Kirkland homes for sale.

Home sales are on par with the last few months and with last year at this time.  Sales are much slower than March and April of this year. The historically low interest rates, which should be boosting home sales, is a reflection of the weaker economy.

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate on July 19, 2010 at 7:44 am
Kirkland WA Homes Sales Activity June, 2010

Kirkland WA Real Estate Sales for June 2010

June, 2010           356 homes for sale,          45 homes sold                      13% odds of selling.

May, 2010            374 homes for sale,         52 (was 56) homes sold            14% ( was 15)% odds of selling a home.*

June, 2009           453 homes for sale             50  homes sold                  11 % 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.

Where’s Kirkland WA?


View Larger Map

Kirkland’s median price increased from $596,925 to $624,950, which is interesting since most Seattle-eastside areas showed a decline in real estate prices.  The number of Kirkland homes  sold in June  dropped by 28% compared to last June, 2009.  However, the number of homes for sale is a lot less than last year, too, with 19% less Kirkland homes for sale. 

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on June 16, 2010 at 5:28 pm
Real Estate Sales in Kirkland, WA May 2010

Kirkland WA Home Sales, May 2010

May, 2010            374 homes for sale,          56 homes sold                      15% odds of selling a home.

April, 2010           362 homes for sale,         73(was 80) homes sold           now 20% (was 22%)odds of selling a home.*

May, 2009           474 homes for sale             50  homes sold                  10 % 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.

Where’s Kirkland WA?


View Larger Map

The odds of selling a home in Kirkland in May were 15%, less than April’s chances, but more than May, 2009.  There was less of a drop in Kirkland home sales from this April to May than there was in many of the other Seattle-eastside areas.

Median price decreased by a hair from $599,950 to $599,000.  An approximate $1000 decrease is really not a big deal at all compared to the typical changes we see in Kirkland real estate prices.

The number of homes for sale declined by 25% and sales were up by just 3.4% from May of 2009.  I’ve been encouraged to see a couple of high end sales recently in the Kirkland Highlands.  I’ll report on those sales in my next weekly update.

For the complete picture of Seattle-eastside real estate, check out the May blog post on eastside real estate buzz.

What’s happening with real estate where you live?

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

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers on May 19, 2010 at 5:17 pm
Real Estate In Kirkland Washington in April, 2010

Kirkland Washington Real Estate April, 2010

April, 2010            362 homes for sale,         80 homes sold                      22% odds of selling a home.

March, 2010         345 homes for sale,       68 (was 75) homes sold,        20% (was 22%) odds of selling a home.*

April, 2009           446 homes for sale             35  homes sold                  5 % 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.

Where’s Kirkland WA?


View Larger Map

The odds of selling a home in Kirkland in March were 22%.

Median price decreased from $649,000 to $575,000.

The number of homes for sale declined by 23.5% and sales were up by 102%.  The highest increase in home sales on Seattle’s eastside.

For the complete picture of Seattle-eastside real estate, check out the April blog post on eastside real estate buzz.

What’s happening with real estate where you live?

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

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

Kirkland WA Real Estate Sales March 2010

March, 2010              345 homes for sale,        75 homes sales,              22% odds of selling a home.

February, 2010       315 homes for sale,        52 (was 65) home sales      16.5% (was 21.5%) odds of selling a home.*

March, 2009           448 homes for sale         24  home sales                  5 % 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.

Where’s Kirkland WA?


View Larger Map

The odds of selling a home in Kirkland in March were 22%.

Median price increased to $515,000 from $490,000.

The number of homes for sale declined by 22% and sales were up by 118%.

As I mentioned last month, typical with spring in Seattle neighborhoods, more homes are coming up on the market.  The number of homes and condos for sale in King County has exceeded 13,000.

I expect Kirkland home sales to continue to be strong into April as buyers try to purchase a home before the end of the home buyer’s tax credit.

For the complete picture of Seattle-eastside real estate, check out the March blog post on eastside real estate buzz.

For The Seattle Times view of the March, 2010 real estate market, check out this link. KPLU also had a piece about last month’s real estate activity.

What’s happening with real estate where you live?

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

In Kirkland, WA Real Estate, market statistics, Real estate, sellers on March 16, 2010 at 4:07 pm
Kirkland WA Real Estate Sales

Kirkland WA Real Estate, February 2010

February, 2010       315 homes for sale,        65 home sales                 21% odds of selling a home.

January, 2010         316 homes for sale,        (now 65) 72 home sales      (now 20.5%)  23% odds of selling a home.*

February, 2009        448 homes for sale         27 home sales                  6 % 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.

Where’s Kirkland WA?


View Larger Map

The odds of selling a home in Kirkland was 21%, far better than last year, when only 6% of Kirkland homes sold. February real estate sales in Kirkland were almost exactly the same as January.  However, home sales were up by 106%.  Prices have dropped considerably from last year, by 21%. With the lower prices, the silver lining is more homes are selling as buyers are more confident that Kirkland home values are more realistic than in the past.

As is typical with spring in Seattle neighborhoods, more homes are coming up on the market. In the first two weeks of March, there’s been a jump in the number of homes for sale.  Expect that trend to continue.  I’ll talk about it in next month’s report when we have all the real estate numbers available for March, which will be no sooner than the first week of April.

The crunch is on to capture the last few weeks for the 2010 home buyer’s tax credit, so I expect Kirkland home sales to continue to be strong into April.

For the complete picture of Seattle-eastside real estate, check out the February blog post on eastside real estate buzz and also take a look at The Seattle Times assessment of Seattle area real estate.

What’s happening with real estate where you live?

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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 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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