Debra Sinick

Posts Tagged ‘real estate in Kirkland’

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Hot Price of the Week For Home Sales In Kirkland, 9-09-09

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on September 15, 2009 at 10:56 am

The hot price range of the week in Kirkland?   $500-$599,999

  • Most number of home sales $500,000-599,999:  6 homes sold.
  • Most number of homes for sale $1,000,000-1,499,999:  66 homes for sale.  This is down significantly from 75 homes in this price range at the end of July.
  • Highest number of home sales in Kirkland in the last 7 weeks:  8-19-09, when 32 homes sold, a new total for the most number of weekly home sales.
  • With more home sales in the million plus range over the last few weeks,  it shows a return of confidence in the real estate market.  The affordable price ranges are fueled by first time buyers and the $8000 first time home buyer tax credit.  The more expensive price ranges are fueled by people choosing to make a move up, something we haven’t seen as much lately.
  • Peak  of home for sale in King County so far this year?  July 27th marked a high of 13,861 homes for sale.
  • Week of 9-14-09  13, 357 homes and condos for sale in King County.

There were 420 homes for sale in Kirkland and 19 homes sold last week.  Six weeks ago there were 461 homes for sale in Kirkland and only 17 sales.

Kirkland Real Estate Sales- 09-09-09

Kirkland Real Estate Sales- 09-09-09

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 2.5 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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Small Change Proposed in The Kirkland Highlands

In Kirkland News, Kirkland WA, Kirkland, WA Real Estate, Real estate on August 26, 2009 at 8:35 am

A proposed land use sign in The Kirkland Highlands? There’s a sign posted on 112th Ave NE for a proposed division of a lot into two smaller lots.  It’s something we haven’t seen in the Kirkland Highlands in a while.   The 16,000+ square foot lot is scheduled to be short platted into two lots of approximately 8,000 square feet.

Short plat proposal on 112th Ave NE in Kirkland

Short plat proposal on 112th Ave NE in Kirkland

Short plat notice

Short plat notice

This is certainly a small short plat, since it consists of two lots, but I’m hoping it’s a sign builders or investors are beginning to get back into the real estate market in Kirkland.

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What Was Last Week’s Hot Price Range For Selling a Home in Kirkland, WA?

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, sellers, Weekly market update on June 22, 2009 at 6:50 am
Kirkland real estate sales the week of 6-17-09
What was the hottest price range of the week in Kirkland, south of NE 116th?

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 5 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.

The color yellow, which stands for a balanced market between buyers and sellers,  has been few and far between on these charts.  It’s been a very long time since we’ve seen a balanced real estate market anywhere. Most columns have been green, marked with a buyers’ advantage, for a very long time. It’s been an even longer time since we’ve seen so much read, a buyer’s market, too.

Week of June 17th, 2009:

Hottest price range for the week: $1,000,000-1,499,999.

  • Most number of home sales $500,000-599,999, 8 homes sold
  • Most number of homes for sale $1,000,000-1,499,999  82 homes for sale.

Last week, there were 465 homes for sale in Kirkland and 24 homes sold.

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Two Weeks Worth of Kirkland Highlands Real Estate Buzz

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on June 18, 2009 at 9:51 pm

No weekly real estate update for the Kirkland Highlands last week?  I had all the information ready to go when two things happened.  One was my computer telling me my “disk was corrupted” and, two, I was busy with clients and sold two homes. I had no chance to get anything done on any of my blogs.  So here’s two weeks worth of Kirkland Highlands real estate activity.

The real estate statistics below reflect the real estate activity in The Kirkland Highlands for the past week and all data is taken from the NWMLS through Thursday morning each 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.

Kirkland Highlands Real Estate Buzz Through June 11, 2009

Active Listings:29 (31)

New listings: 0 (0)

Re-listed properties:  1 (1)

Pending inspection: 0 (1)

Pending: 1 (0)

Closed Sales: 0 (1)

Contingent sale: 0 (0)

Number of Price Reductions:  2  (3)

Canceled listings 3 (0)

Expired Listings: 0 (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: 0 (0)

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

$500,000-$749,999:  10 (12)

$750,000-$999,999: 9 (8)

$1,000,000- $1,499,999: 2 (3)

$1,500,000- $2,999,999: 1 (1)
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Average Price of homes for sale: $726,571 ($716,337)

Median Price of homes for sale: $724,900 ($697,000)

Average Days on Market: 99 (95)

Highest Priced Listing: $1,795,000 ($1,795,000)

Lowest Priced Listing: $395,000 ($358,888)

Townhomes/condos

3  town homes listed

The two price reductions in the Kirkland Highlands were both in the 400k range.  One home had been priced in the low 500′s and was reduced to just under 500k, a smart move for attracting buyers.

I just reduced the price on a Kirkland home I have for sale in a nearby neighborhood to below the 600k mark and it sold in the same week.  Every$100,000 price point eliminates buyers so if you think your home is worth just above a $500,000 or $600,000 price, f or example, it’s smarter to price your home for something like $499,950 or $599,950.  Your home will be noticed by so many more buyers and will sell faster and probably for a better price.

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Kirkland Highlands Real Estate Buzz Through Jun 18th, 2009

Active Listings:31 (29)

New listings: 2 (0)

Re-listed properties:  0 (1)

Pending inspection: 0 (0)

Pending: 1 (1)

Closed Sales: 0 (0)

Contingent sale: 0 (0)

Number of Price Reductions:  1  (2)

Canceled listings 0 (3)

Expired Listings: 0 (0)

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: 0 (0)

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

$500,000-$749,999:  11 (10)

$750,000-$999,999: 9 (9)

$1,000,000- $1,499,999: 3 (2)

$1,500,000- $2,999,999: 1 (1)
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Average Price of homes for sale: $738,995 ($726,571)

Median Price of homes for sale: $724,900 ($724,900)

Average Days on Market: 99 (99)

Highest Priced Listing: $1,795,000 ($1,795,000)

Lowest Priced Listing: $395,000 ($395,000)

Townhomes/condos

4  town homes listed

A new listing in Highland Creek is on the market for $595,000.

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Weekly Real Estate Buzz in The Kirkland Highlands Through March 26th, 2009

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers, Weekly market update on March 27, 2009 at 3:35 pm

The real estate statistics below reflect the real estate activity in The Kirkland Highlands for the past week and all data is taken from the NWMLS through Thursday morning each 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.

Active Listings: 28 (28)

New listings: 0 (0)

Re-listed properties:  1 (8)

Pending inspection: 0 (0)

Pending: 0 (2)

Closed Sales: 1 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 0 (3)

Canceled listings 0 (8)

Expired Listings: 1 (0)

Temporarily Off Market: 0 (0)

Price increase: 0(0)

Back on market: 0 (1)

Rented: 0 (0)

Sale Fail: 0 (0)

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0-$349,999: 3 (3)

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

$500,000-$749,999: 7 (7)

$750,000-$999,999: 9 (9)

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

$1,500,000- $2,999,999: 1 (1)
———————————–
Average Price of homes for sale: $714,464 ($696,968)

Median Price of homes for sale: $737,000 ($644,000)

Average Days on Market: 93 (113)

Highest Priced Listing: $1,795,000 ($1,795,000)

Lowest Priced Listing: $274,950 ($274,950)

Townhomes/condos

2 Active town homes listed

The home that has been re-listed this week for sale in the Kirkland Highlands had been on the market.   The home’s first listing expired this week and the home is now re-listed with a $26,000 price reduction.

Closed Kirkland Highlands home sale of the week:

$902,000 New construction home with 3222 square feet, 4 bedrooms, and 2.5 baths.  It took 182 days to sell and sold for the original asking price of $902,000.  There are many fairly new homes for sale in Kirkland with similar square footage that are priced above $1 million.  This home sale represented a value in Kirkland because so much of its competition is at least $100,000 or more!

According to the Wall Street Journal, there is some good news on the real estate horizon coming this spring.  Some of it is the drop in home prices and some of it it the $8000 tax incentive.

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What Were The Chances of Selling your Kirkland Home in January, 2009?

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on February 19, 2009 at 3:08 pm

Sellers had an 11% chance of selling a home in Kirkland in January, 2009.

The chance of selling a home is based on the absorption rate.  The absorption rate looks at the percentage of homes that sell each month compared to the number of  homes for sale.  So if there’s an 11% chance of selling a home in a particular month, it means  11 out of 100 home sellers accepted an offer on their home during that month.  This also means that 89 of the 100 home sellers did not get a mutually accepted offer. It’s important to be one of the small number of homes that gets the offer each month.  It can be done, homes are selling, but the homes that are selling are a great value in the eyes of the buyer.  These homes must be marketed with top-notch, gorgeous photos, video, staging, color flyers, on a gazillion web sites, and, last but not least, great pricing.

(Click on the link above to see a chart with Kirkland’s real estate trends for the last few years.  The chart shows trends for Kirkland, south of NE 116th St.)

January, 2009         392   homes for sale,  42  homes sold,    11% chance of selling.

December, 2008     387 homes for sale,    22 homes sold,     6% chance of selling.

January, 2008         385   homes for sale,   38 homes sold,   10% chance of selling.

The real estate activity in Kirkland seems to be a little different than the rest of the eastside.  The number of homes that sold in January, 2009 is actually higher than in January, 2008.  The increase in the number of homes sold is small, only 4, but better than we have seen for a while. In January, almost double the number of homes sold than in December.   This is good news for Kirkland.  My guess is buyers are coming back to the table because they are seeing more values in Kirkland home prices.

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Weekly Real Estate Buzz in The Kirkland Highlands Through January 29th, 2009

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on January 30, 2009 at 2:53 pm

The real estate statistics below reflect the real estate activity in The Kirkland Highlands for the past week and all data is taken from the NWMLS through Thursday morning each 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 railroad tracks.  The neighborhood has the best of both worlds, a little isolation without any through traffic, but just seconds from everything.


View Larger MapActive Listings: 24 (24)

New listings:    0 (4)

Re-listed properties:   0 (0)

Pending inspection:   0 (0)

Pending:   0 (1)

Closed Sales:    0 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 2 (2)

Canceled listings  0 (1)

Expired Listings: 0 (0)

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:  1  (1)

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

$500,000-$749,999: 6 (6)

$750,000-$999,999:  8 (8)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $708,640 ($709,473)

Median Price:   $697,000 ($697,000)

Average Days on Market: 159 (152)

Highest Priced Listing: $1,850,000 ($1,850,000)

Lowest Priced Listing: $299,950 ($309,950)

For the first time in a long time, there’s a single family home for sale priced under $300,000.  I researched 2008 statistics and did not find a single family home listed in the Kirkland Highlands for under $300,000.

Townhomes/condos

1 Active town home listed

President Obama’s stimulus bill has passed the house and is now on its way to the Senate.   The link is to an article I wrote about some of the key real estate incentives proposed by the 2009 stimulus plan.

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