Debra Sinick

Posts Tagged ‘Kirkland Homes’

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Weekly Real Estate Buzz in The Kirkland Highlands Through December 11th, 2008

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on December 11, 2008 at 11:32 pm

(Numbers in parentheses are for last week’s data. This week’s data is reported through Thursday each week.)

Active Listings: 27 (28)

New listings:    1 (0)

Re-listed properties:   0 (3)

Pending inspection:   0 (0)

Pending:   0 (0)

Closed Sales:    0 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 2 (0)

Canceled listings  1 (2)

Expired Listings: 1 (1)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

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0-$349,999:  2  (2)

$350,000-$499,999: 5 (4)

$500,000-$749,999: 9 (9)

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  1 (2)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $720,377 ($737,823)

Median Price:   $687,000 ($719,475)

Average Days on Market: 131 (140)

Highest Priced Listing: $1,599,000 ($1,599,000)

Lowest Priced Listing: $305,000 ($325,000)

Kirkland real estate seems to be in a bit of a holding pattern.  The number of homes for sale has varied little over this past year, although home sales have fluctuated each month.  Suffice to say, the serious sellers are on the market now or they should be.  Inventory is far lower than it has been all fall.  Countywide real estate inventory is back to springtime 2008 levels, which is encouraging.

I look towards to things happening in the new year with a new “can-do” administration in The White House. The hope is some of the fear in the marketplace will dissolve and people will come back into the real estate market.

There’s a possibility interest rates will go well below 5% to 4.5% next year, which would be just terrific for home buyers, and subsequently, home sellers.  Several articles were posted about the possibility of the new interest rates. Not everyone is of the mind that the lower rates will work.  The Wall Street Journal’s take on the possible new rate, according to June Fletcher, is that the rates will not work.

The Housing Wire, a real estate blog, also voiced their opinion about the projected interest rates.

Last, but not least, NPR had a story on the new rates.

IMHO, more people need to feel confident in the economy to make a move.

Townhomes/condos

1 Active town home listed

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Weekly Real Estate Buzz in The Kirkland Highlands Through December 4th, 2008

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on December 5, 2008 at 10:30 am

(Numbers in parentheses are for last week’s data. This week’s data is reported through Thursday each week.) Because of the Thanksgiving holiday, this week’s report covers two weeks:

Active Listings: 28 (31)

New listings:    0 (1)

Re-listed properties:   3 (0)

Pending inspection:   0 (0)

Pending:   0 (0)

Closed Sales:    0 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 0 (0)

Canceled listings  2 (0)

Expired Listings: 1 (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (0)

Rented: 0 (0)

Sale Fail: 0 (1)

———————————–

0-$349,999:  2  (1)

$350,000-$499,999: 4 (7)

$500,000-$749,999: 9 (10)

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  2 (2)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $737,823 ($712,772)

Median Price:   $719,475 ($669,000)

Average Days on Market: 140 (129)

Highest Priced Listing: $1,599,000 ($1,599,000)

Lowest Priced Listing: $325,000 ($325,000)

The number of homes for sale dropped as 3 homeowners took their homes off the market.  The homes were, ironically, in the more affordable price range, $350-500,000.  Because these 3 homes are now off the market,  the median price went  up dramatically this week.  Prices have not gone up, but there are fewer of the more affordable homes on the market this week, causing median price in The Kirkland Highlands to increase.  The number of days it takes to sell a home in the Highlands has gradually increased through the year.   It takes 4 1/2 months market time to generate a sale, on average, in the neighborhood.

The good news in the marketplace is the number of homes for sale in King County has diminished.  The number of properties available this week is 13,461.  We haven’t seen a number this low since April.

Townhomes/condos

1 Active town home listed

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Weekly Real Estate Buzz in The Kirkland Highlands Through November 20th, 2008

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers, Weekly market update on November 21, 2008 at 6:03 am

(Numbers in parentheses are for last week’s data. This week’s data is reported through Thursday each week.)

Active Listings: 31 (30)

New listings:    1 (0)

Re-listed properties:   0 (0)

Pending inspection:   0 (0)

Pending:   0 (0)

Closed Sales:    1 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 0 (0)

Cancelled listings  0 (0)

Expired Listings: 0 (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (0)

Rented: 0 (0)

Sale Fail: 1 (0)

———————————–

0-$349,999:  1  (1)

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

$500,000-$749,999: 10 (10)

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  2 (2)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $712,772 ($720,032)

Median Price:   $669,000 ($684,000)

Average Days on Market: 129 (126)

Highest Priced Listing: $1,599,000 ($1,599,000)

Lowest Priced Listing: $325,000 ($325,000)

Here’s what happened this past week in Kirkland Highlands real estate. One new listing popped up.  It’s a rambler with a remodeled kitchen and is priced at $495,000.  The sale for one of the new construction homes in the neighborhood “failed” as we say in real estate lingo.  Usually a sale fails over the financing.  Since this home is new construction, I anticipate it coming back on the market.

The closed sale this week is for a home that was only a few years old.  The original asking price was $1,200,000, the last asking price was $850,000 and the final sales price was $850,000. The home was on the market for slightly over 200 days.  The seller had to get really aggressive to beat all the other competition in this price range in Kirkland, not just the Highlands, with a fabulous price.  This home is a great one and showed beautifully, but experienced what I reported going on in Kirkland’s real estate in my last weekly real estate buzz:

” Kirkland homes, in general, are taking a longer time to sell than some other eastside areas.  This may be because we have a lot of homes priced in the million dollar range that have been built over the last decade and are now for sale.   Right now, out of approximately 500 homes for sale south of NE 116th in Kirkland, 200 are priced over $1million with the majority of these between $1-2million.  This is not to say all homes for sale are over a million dollars, just that there are a high number of such homes on the market in Kirkland.”

Townhomes/condos

1 Active town home listed

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Because of the Thanksgiving holiday, I will take a holiday from reporting the weekly statistics next week.  Have a great Thanksgiving!

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Kudos to Kirkland Highlands’ Resident Rick Altig and His Company, Altig International

In Kirkland News, Kirkland WA on October 8, 2008 at 9:34 am

The Eastside Business Journal site spotlighted long-time Kirkland Highland’s resident, Rick Altig and Altig International for the company’s creative and innovative communication’s program. Four years ago, Rick developed Altig TV to spread the company’s ideals to its various offices.  Kudos to Rick and Altig International.

The Kirkland Highlands is a neighborhood filled with dynamic people.  Our location close to downtown Kirkland attracts a variety of people who love the suburban/urban lifestyle and the eclectic style of the Highlands neighborhood and homes. 

I’m interested in profiling people and homes in Kirkland’s Highlands.    Do you have an interesting story?  Do you have an interesting home?  Do you know a neighbor who fits this bill?

Tell me about yourself, your home or a neighbor who’s doing interesting things.   It’s a great way to bring another dimension to Kirkland’s Highlands.

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