Debra Sinick

Posts Tagged ‘Kirkland Real Estate’

How Was Kirkland, WA Real Estate in January, 2012?

In market statistics, buyers, sellers, Kirkland WA, Kirkland, WA Real Estate on February 17, 2012 at 11:06 am
Home Sales in Kirkland, WA

Kirkland Real Estate Sales Through January, 2012

There were only 155 homes for sale in Kirkland in January.  It’s easy to see from the chart that this number means there aren’t a lot of homes for sale in Kirkland right now.  The lack of supply should enhance the prospects for those sellers whose homes are priced right and show well.  The good homes should sell more quickly this year.

In January, 26.5% of the supply of homes sold, which is similar to the high percentage of sales in the April and May of last year.  Not as many homes actually sold in January, but not as many homes were on the market either. 

Median pricing in Kirkland went from $534,000 to $522,000.  Median pricing is based on the sales that happened in January and is a result of what sold that particular month.   On average, it took only 62 days for the homes to sell last month and most homes sold within   % of the original asking price.

We’re excited to see how this real estate market will turn out this year.  It should be the best Kirkland real estate market in 5 years, but don’t expect prices to go up by much, if anything.

If you would like information about your home, please contact Brooks or me and we’re happy to help you.

How Was The Kirkland Real Estate Market in October 2011?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on November 17, 2011 at 12:23 pm
Number of home sales in Kirkland, WA

Kirkland Real Estate Sales Through October, 2011

Real estate sales in Kirkland have been been fairly steady over the last few months, despite what the media said about October’s sales.  Tne news media focused on the drop in real estate values for all of King County.  Median pricing in Kirkland followed King County,  dropping considerably this month, from $592,000 to $501,000.  But remember, these numbers are based on the sales that happened during October and is a function of what sold that particular month.  We’ll need to follow the next several months to see if there truly is a trend here.

There is some good news here to temper concerns about pricing:

1.    The eastside is in a better position, literally and figuratively, than many parts of King County.  It has a stronger economic base and a better location:

What you see emerging in our local market is an East/West corridor,” (Stan) Humphries (of Zillow) said, with houses holding their value in Eastside neighborhoods with good access to State Route 520 and Interstate 90 for an easy commute to work.

2.    Home prices are also becoming far more affordable.  Right now home values are the most affordable they’ve been in 17 years.   Home ownership may be cheaper than renting!

3.   This past month there was a big drop in the number of homes for sale. This drop is a very good thing as it decreases the competition among home sellers.

Slightly over 25% of the available homes sold last month.  A year ago, there were over 100 more homes on the market in Kirkland. If the number of homes on the market continues to drop, then a higher percentage of homes may sell next month.  Homes took on average 99 days to sell, just slightly over 3 months.

With fewer homes on the market, more affordable prices, and low interest rates, I expect homes will continue to sell even as we head into the holiday season Have a great Thanksgiving!

How Strong Was the Kirkland, WA Real Estate Market in September, 2011?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on October 11, 2011 at 3:44 pm
House Sales Data for Kirkland WA

Kirkland, WA Real Estate Sales Through September, 2011

The number of homes for sale in Kirkland continues to be fairly constant, although the number dropped a bit this past month.  I expect to see this number drop even more as we head to the end of the year.  (Hard to believe, but we are almost there!)

In September, 21% or 57 homes in Kirkland sold.

Homes on average were on the market for 87 days.

As we’ve seen most months, there were several home sales that did not stay together.   When I first reported the August home sales,  62 homes had sold.  Eight home sales failed, leaving 54 home sales intact in August.  This means 13% of the offers did not go through.   Sales can fall apart over the inspection, financing or simply because a buyer has cold feet.

Kirkland is one of the faster places for selling a home on the eastside. This is a testament to the city’s prime location close to jobs here in Kirkland with Google in the Houghton neighborhood of Kirkland.  Microsoft, is just down the road in Redmond, which is an easy commute for many people coming from Kirkland.

Image representing Google as depicted in Crunc...

Image via CrunchBase

Closeup of a stone sign bearing the Microsoft ...

Image via Wikipedia

The variety of housing stock and price ranges bring a huge mix of people to Kirkland. Plus, the ambiance of the city, with its access to Lake Washington, is a big draw for many people.

View from Carillon Point, Kirkland, Washington.

Image via Wikipediapeople.

How are real estate sales in your neighborhood?  Are they stronger than last year?

How Strong Were July, 2011 Real Estate Sales in Kirkland?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on August 15, 2011 at 7:33 am
Real Estate Sales in Kirkland, WA

Kirkland Real Estate Sales Through July, 2011

Since March, the number of homes for sale in Kirkland hasn’t changed much, varying between 276-289 homes for sale. Sales numbers, however, have bounced around a bit with April looking like it’s the high for Kirkland real estate sales so far this year.  In July, 67 homes sold, which meant 23% or almost 1 in 4 homes got offers.

When I first reported June home sales, there were 57 homes that had sold.  Seven of these home sales failed, which means 13% of the offers did not go through.  This is not all that unusual on the eastside and in many areas these days.  In some areas of King County the failure rate for sales is much higher.   Sales can fall apart over the inspection, financing or simply because a buyer has cold feet.

On the flip side, interest rates are just fabulous, which should help spur some people to buy.

Conventional FNMA
30 yr fixed: 3.95%
15 yr fixed: 3.25%
10 yr fixed: 3.0%
5 yr ARM: 2.875%

Real estate is very location specific, so take the national news with a grain of salt.  Look more at local reports, and even city specific reports, such as this to find out what’s really happening with real estate.

How are real estate sales in your neighborhood?

How Many Homes Sold in June in Kirkland, WA?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on July 28, 2011 at 6:32 am
Real Estte Sales in Kirkland

Kirkland Real Estate Sales Through June 11

The number of Kirkland real estate sales has dropped from the high of 79 sales in April.  In June, 57 homes sold, which meant 20% or 1 in 5 homes  got offers.  Homes are selling, but it’s clear that with so many homes not selling, it’s only the best homes that are selling.  As I say every month, the home that is the best value against the competition is the one that wins the buyer.

As a reminder, national real estate statistics are exactly that.  They’re general statistics which give an overview of real estate in the country. An accurate measure of the market in Kirkland is to look at what’s happening in Kirkland.  The Seattle real estate market and even the Redmond real estate market, are not necessarily the same.  So looking at California or Spokane, as an example, doesn’t fit our local Kirkland market.

In June the median price of Kirkland homes dropped from $624,950 to  $535,000.

Since “one size real estate” does not fit all, it’s important to look at local real estate statistics.  Even in the Seattle area, there are vast differences among the various locales.

How are real estate sales in your neighborhood?

Kirkland Highlands Real Estate News, 7-25-11

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on July 25, 2011 at 9:10 pm

I wish I could say the reason I’ve not written a blog post recently about the bi-weekly real estate happenings in the Kirkland Highlands is that it’s been gorgeous weather and I’ve been having fun in the sun, but really it’s because I’ve been having fun selling homes this past month.  That’s good fun, too, but I must say I do miss the summer we usually have in the Seattle area.

The pace of the real estate market in Kirkland and Redmond has felt almost like it used to be, in 2007.  There are a lot of buyers out looking at homes.  Homes are selling well.  The pending sales in the Highlands all sold in under 2 months time, with one home selling in under a week.  The pending homes range in price from just under $400,000 to just under $1,000,000, reflecting the broad price range of Kirkland Highlands’ homes.

I’ve recently sold a couple of homes with multiple offers!  The level of activity in the real estate market feels good.

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 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 (19)

New listings: 2 (2)

Pending inspection: 4 (2)

Pending: 4 (1)

Closed Sales:  2 (0)

Number of Price Reductions: 3  (2)

Price increase: 0 (0)

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

———————————–

0-$349,999: 0 (1)

$350,000-$499,999: 11 (8)

$500,000-$749,999:  5  (7)

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

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

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

Most expensive home for sale: $795,000

Most affordable home for sale: $364,950

________________________________

Closed Sales: 

$377,000:  Final sales price $380,000: Last asking price $394,000: Original asking price.  Sold in 52 days for 5% below full price.

$460,000:  Final sales price $465,000: Last asking price $465,000: Original asking price.  Sold in 24 days for 1% below the original sales price.   **My listing**


KIRKLAND HIGHLANDS TOWN HOMES:

2  town homes for sale

***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.

Kirkland Highlands Real Estate News, 6-20-11

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on June 21, 2011 at 10:54 am

The past two weeks were quieter than about a month ago when there were 5 new listings on the market.  This week there are two new listings, there have been a few sales, and a few homes  came off the market as they had not sold.  Although there were sales this week, there were no sales that closed.  Since there have been more sales happening, I expect to see some closed sales in my next report.  Right now, the Highlands has a mix of some great homes for sale in price ranges from the low $300′s to over $1 million.  There’s something for everyone here as the Highlands has a wide variety of housing styles and prices.  The Highlands is located close to downtown Kirkland and has great access to the highway 405, so it’s a terrific location.

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 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: 19 (22)

New listings: 2 (5)

Pending inspection: 2 (0)

Pending: 1 (2)

Closed Sales:  0 (2)

Number of Price Reductions: 2  (2)

Price increase: 0 (0)

Homes off the market that did not sell: 3 (1)

———————————–

0-$349,999: 1 (1)

$350,000-$499,999: 8 (10)

$500,000-$749,999:  7 (8)

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

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

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

Most expensive home for sale: $1,300,000

Most affordable home for sale: $345,000

________________________________

Closed Sales: 

None this week.



KIRKLAND HIGHLANDS TOWN HOMES:

1  town home

***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.

How Strong Was Kirkland’s Real Estate Market in May, 2011?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate on June 16, 2011 at 1:36 pm
Kirkland WA Home Sales

Kirkland Real Estate Sales Through May 2011

The number of Kirkland real estate sales was slightly better in May than in April.  Eighty-five homes sold in Kirkland, which means 30% percent of all the homes for sale in Kirkland had accepted offers.    This is the second consecutive month in which we’ve seen such great numbers.

Kirkland home sales doubled over last May’s totals, but that’s no big surprise.  Last May sales numbers were lower because so many buyers bought by the end of April to take advantage of last year’s tax credit.  Since there was such a push for buyers to buy before the deadline, many of the buyers purchasing under $800,000 had bought by May.

Since “one size real estate” does not fit all, it’s important to look at local real estate statistics.  Even in the Seattle area, there are vast differences among the various locales.

As far as  real estate on Seattle’s eastside goes, Kirkland had one of the highest percentages of homes sales for the second month in a row.  Because Kirkland is close to job centers, has a great school system, a variety of housing and price ranges, and a wonderful ambiance, it’s a desirable community to live in.

How are real estate sales in your neighborhood?

Kirkland Highlands Real Estate News, 6-6-11

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on June 7, 2011 at 2:41 pm

The Kirkland Highlands real estate market is breaking out of the tight price range of $350-750,000 that we’ve seen over the last month or so.  There’s now a home available under $350,000, a home for sale in the $800′s and two for sale over $1 million.  This range is more representative of all the homes available in the Highlands neighborhood.  Real estate sales are still good as two home are now pending and two home sales closed.  One of the sales happened in two days and was for full price!  Full price offers are rare in this market, but there are some buyers who recognize a good value and go for it.

This week there are a couple of more homes for sale, so we might see more coming on the market in the next month or so, which is pretty typical for summer.

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 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: 22 (19)

New listings: 5 (1)

Pending inspection: 0 (1)

Pending: 2 (4)

Closed Sales:  2 (0)

Number of Price Reductions: 0  (3)

Price increase: 0 (0)

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

———————————–

0-$349,999: 1 (1)

$350,000-$499,999: 10 (11)

$500,000-$749,999:  8 (7)

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

$1,000,000- $1,499,999: 2 (0)

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

Most expensive home for sale: $1,300,000

Most affordable home for sale: $335,000

________________________________

Closed Sales: 

$425,000:  Final sales price $425,000: Last asking price $425,000: Original asking price.  Sold in 2 days for full price.

$479,000:  Final sales price $500,000: Last asking price $500,000: Original asking price.  Sold in 47 days for 4.5% below the original sales price.



KIRKLAND HIGHLANDS TOWN HOMES:

1  town home

This town home had a price reduction over the past week.

***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.

Kirkland Highlands Real Estate News, 5-23-11

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on May 24, 2011 at 5:55 pm

It was a good two weeks for real estate in the Kirkland Highlands.  There are only 19 homes for sale and 4 homes received and accepted offers these past two weeks.  One home sale has moved to pending status, which means the inspection has been resolved between the buyer and the seller.  There were no home sales that closed the past two weeks, but there will definitely closed sales coming up in the next few weeks  because there have been several sales over the last month.  Have a great Memorial Day weekend.  Let’s hope for sun!

If your home is in one of the price ranges where nothing is for sale, think about selling now before more homes come on the market.  If more homes are for sale, it will be more competitive.   If you’re not sure of your home’s value, feel free to contact me to find out what your home may be worth in today’s market.

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 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: 19 (21)

New listings: 1 (5)

Pending inspection: 1 (1)

Pending: 4 (1)

Closed Sales:  0 (1)

Number of Price Reductions: 3  (0)

Price increase: 0 (0)

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

———————————–

0-$349,999: 1 (0)

$350,000-$499,999: 11 (10)

$500,000-$749,999:  7 (11)

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

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

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

Most expensive home for sale: $649,000

Most affordable home for sale: $335,000

________________________________

Closed Sales:  None this week.


KIRKLAND HIGHLANDS TOWN HOMES:

1  town home

***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.

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