Debra Sinick

Posts Tagged ‘Real estate’

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Weekly Real Estate Buzz in the Kirkland Highlands Through February 12th, 2008

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on February 19, 2009 at 3:31 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.

(Technical difficulties with this post, so I am re-posting it now!)

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 Map

Active Listings: 23 (23)

New listings:    0 (0)

Re-listed properties:   2 (1)

Pending inspection:   0 (0)

Pending:   0 (1)

Closed Sales:    1 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 3 (5)

Canceled 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: 0 (0)

———————————–

0-$349,999:  1  (1)

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

$500,000-$749,999: 5 (5)

$750,000-$999,999:  7 (8)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $694,420 ($700,330)

Median Price:   $669,000 ($669,000)

Average Days on Market: 164 (159)

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

Lowest Priced Listing: $289,950 ($299,950)

Townhomes/condos

2 Active town home listed

One new listing:

Highland Creek town home

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$459,950 for a contemporary home with a view, 2 bedrooms, 2 baths, and 1000+ square feet.  First asking  price o $550,000, final asking price of $479,950 sold for 17 % below the original asking price in 182 days.

****This home was adorable and one of a kind with its styling and view.  However,  because of its size and lack of garage, it needed to be priced more along the lines of a condo with a view and no garage.  When the asking price came to that point, the home sold.

Inman News, a site which reports on real estate news, flashed a news report this afternoon that the home buyer tax credit is now $8000 for buyers who had not owned a home in three years. The New York Times had a more complete article about the latest with the compromise between the Senate and the House with the stimulus plan. I’m going to reserve judgement until the plan is passed and we actually know what we are dealing with.  However, it does sound as if the home buyer tax incentive has been almost halved and will be for first time buyers only.  I’m a disappointed, because I felt the $15000 credit for all buyers would jump start the housing market and give buyers and sellers some encouragement.

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Weekly Real Estate Buzz in The Kirkland Highlands Through February 5th, 2009

In Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, Weekly market update on February 6, 2009 at 10:22 am

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 Map

Active Listings: 23 (24)

New listings:    0 (0)

Re-listed properties:   1 (0)

Pending inspection:   0 (0)

Pending:   1 (0)

Closed Sales:    0 (1)

Contingent sale: 0 (0)

Number of Price Reductions: 5 (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)

———————————–

0-$349,999:  1  (1)

$350,000-$499,999: 8 (7)

$500,000-$749,999: 5 (6)

$750,000-$999,999:  7 (8)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $700,330 ($708,640)

Median Price:   $669,000 ($697,000)

Average Days on Market: 159 (159)

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

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

Townhomes/condos

1 Active town home listed

This week has news about the increased tax credit for home buyers.  The Senate agreed to a $15000 tax credit, possibly for  home buyers.  This is big news and, hopefully, will get buyers off the fence.  We still need to wait for the full stimulus package to be passed and then we’ll see.

I’ve read different articles about whether the tax credit applies to all buyers or just first time buyers.  The majority of the articles I’ve seen have said the tax credit applies to all buyers, but I still see mixed reports about this in the media.

Here’s a link to an article in The Wall Street Journal on line.  Most of the readers were thinking favorably about the home buyer tax credit. It may encourage them to go out to buy a home.

What do you think about the tax credit?


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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)

———————————–

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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Weekly Real Estate Buzz in The Kirkland Highlands Through January 8, 2009

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on January 8, 2009 at 3:27 pm

Happy New Year! This year when reporting my weekly real estate statistics for the Kirkland Highlands,  I’ll add some commentary from economic gurus and real estate pundits.  It may help you to understand and further evaluate the real estate market.  As a real estate professional, I have to keep on my toes and listen and learn from the experts out there.  I expect the real estate market to continue to be challenging in 2009.  Stay tuned, it’s going to be a wild ride and I’ll keep you informed as we go along for the ride.  But as everything in life, this too, shall pass.

Since most people were occupied with the holidays and the snow, I took a break from the weekly real estate statistics, but will now be back with with a few possible breaks in the year.  The total listings are the number of homes for sale in The Kirkland Highlands as of today,while any other activity, such as canceled, expired or price reduced listings are from the last three weeks.

Active Listings: 23 (27)

New listings:    0 (0)

Re-listed properties:   2 (0)

Pending inspection:   0 (1)

Pending:   0 (0)

Closed Sales:    0 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 1 (1)

Canceled listings  2 (0)

Expired Listings: 2 (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (0)

Rented: 0 (0)

Sale Fail: 0 (0)

———————————–

0-$349,999:  1  (1)

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

$500,000-$749,999: 6 (9)

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   0 (1)
———————————–
Average Price: $710,807 ($733,944)

Median Price:   $725,000 ($699,000)

Average Days on Market: 154 (139)

Highest Priced Listing: $1,195,000 ($1,599,000)

Lowest Priced Listing: $324,950 ($324,950)

Townhomes/condos

1 Active town home listed

The Kirkland Highlands starts the year off at a low number of listings for the neighborhood.  Four listings were canceled or expired over the last few weeks, dropping the total number of homes for sale. With 23 listings now on the market, the number matches the two weeks with the  lowest number of listings during 2008.   Both weeks were in February of last year. The most number of homes for sale in any given week happened twice last year, when 31 homes were for sale in the Kirkland Highlands on July 17th and November 20th.

I focus on inventory because inventory, with supply and demand, is an important piece for homes to sell.  Less inventory, that is also well priced, will only help to sell homes in our current real estate market.  Please only consider selling your home if you’ll price it competitively and have it looking fabulous.  There are sales happening and it’s the homes that meet this criteria that get buyers.

Here’s a few comments from some economic forecasters:

Matthew Gardner, local economist,  of Matthew Gardner LLC gave his opinion of what to expect with this year’s market on the Master Builder’s website.

“At our office we have been focused for some months now specifically on inventory levels. While prices do provide some measure of market performance, even more important is the relationship between supply and demand and trends in such numbers. With expectations of seasonally increasing sales activity, we continue to emphasize that supply will dictate and shape the spring selling season and, for the most part, the rest of the year.”

From Inman News Real Estate Connect in NYC, Barry Ritholtz, Director of Equity Research of Fusion IQ said:

“he looks at three indicators that would signal a turnaround: median home price-to-income ratios, inventory, and the cost of renting versus owning.”

Have a great year and I’ll keep you posted on the Kirkland Highlands real estate activity.


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Weekly Real Estate Buzz in The Kirkland Highlands Through December 18th

In buyers, Kirkland WA, Kirkland, WA Real Estate, Real estate, sellers, Weekly market update on December 18, 2008 at 8:31 pm

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

Active Listings: 27 (27)

New listings:    0 (1)

Re-listed properties:   0 (0)

Pending inspection:   1 (0)

Pending:   0 (0)

Closed Sales:    1 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 1 (2)

Canceled listings  0 (1)

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)

———————————–

0-$349,999:  1  (2)

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

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

$750,000-$999,999:  10 (10)

$1,000,000- $1,499,999:  1 (1)

$1,500,000- $2,999,999:   1 (1)
———————————–
Average Price: $7733,944 ($720,377)

Median Price:   $699,000 ($687,000)

Average Days on Market: 139 (131)

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

Lowest Priced Listing: $324,950 ($305,000)

Last week’s  least expensive home in The Kirkland Highlands received an offer.  This home was priced at $305,000.  The closed sale of the week is for new construction, which sold for $925,000, the asking price.  The home is 3700 square feet which at $925,000, was a value, given the asking price for other Kirkland homes of similar size and age.

Selling a home in today’s market is a job for which only serious sellers need apply.  Serious sellers are those willing to meet the market pricing.  As harsh as that sounds, it’s the reality of the marketplace.    If you’ve owned your home for a number of years and wish to make a move, it’s a fabulous time to make a move up or down.  As a seller, flexibility in pricing and a well presented home is the key.  As a buyer, you can go for it and demand what you want.

I attended  a workshop a couple of weeks ago at The Bravern in downtown Bellevue conducted by Dr. Michael Palmer from The Leed School of Business at The University of Colorado.  His take was that nothing would change for the better with the economy until at least the summer of 2009, although it could be 18 months.  If you click on the link above, you can follow Dr. Palmer’s presentation.   Will lower interest rates and a new administration change things?  There is hope that will help to do the trick.  But consumer confidence must be restored to make things work with the economy in general.

Townhomes/condos

1 Active town home listed


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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)

———————————–

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

—————————————-

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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What Were The Chances of Selling Your Kirkland Home in October, 2008?

In buyers, Kirkland News, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers on November 20, 2008 at 10:40 pm

I was at the Kirkland Highland’s neighborhood this meeting and was asked the usual real estate question: “How’s the market doing?”  Here are the facts for Kirkland real estate from last month’s NWMLS:statistics.

Sellers had a 5% chance of selling a home in Kirkland in October, 2008.

(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.)

October 2008          495 homes for sale, 28 sales, 5% chance of selling.

September, 2008     509 homes for sale, 47 sales, 9% chance of selling.

October 2007          424 homes for sale, 48 sales, 11% chance of selling.

October was the toughest month to sell in Kirkland, and on the eastside, so far this year.  This is no big surprise, given the pre-election jitters, the general economic news, and the huge fluctuations experienced in the stock market in October.

In Kirkland, the number of homes for sale dropped by only 14, but the number of sales was almost half as many as the month of September. True to the irony we often see in Seattle area real estate, even though the sales numbers dropped, the median price in Kirkland rose by 8%.

Are prices holding more steady here?  Only time will tell.  Of the 10 months that statistics are available so far this year, 3 of the months showed an increase in median pricing in Kirkland, while the other 7 months showed a drop in price.  What I did not mention at the meeting tonight is that one should look at the statistics over a few months period to see any trends.  One month’s worth of statistics only reflects the real estate sales activity for that particular month and not anything more significant.

Things were slow on the eastside in general.  The most active area, East Bellevue and the Redmond area around Microsoft, had an 11% chance of selling. Every other area was in the single digits.

For a complete update on Eastside real estate, check out my eastside blog post.

Am I worried about Kirkland real estate and eastside real estate in general?  No, I’m not. Forbes magazine came out with an article that pinpoints our area as the number one city to rebound because of our local economy, which is stronger than most.

If you are thinking of making a move now, then be prepared to be extremely competitive, in top-notch condition, and the best priced home in its “class.”  Homes are selling, but only those which stand out head and shoulders above the competition.  If you don’t need to move or this scenario is not comfortable for you, then wait until the market changes, and it will.  However, if you’re going to sell because you want to downsize or look for a larger home, then it may make sense to consider a move.  I have clients right now who are doing this very thing.  They are being incredibly “accommodating” in the sales price of their home, but plan to make up for it on the home they are buying by getting that home at a killer price.

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Weekly Real Estate Buzz in The Kirkland Highlands Through November 13th, 2008

In buyers, Kirkland WA, Kirkland, WA Real Estate, market statistics, Real estate, sellers, Weekly market update on November 14, 2008 at 11:56 am

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

Active Listings: 30 (29)

New listings:    1 (0)

Re-listed properties:   0 (0)

Pending inspection:   0 (0)

Pending:   0 (0)

Closed Sales:    0 (0)

Contingent sale: 0 (0)

Number of Price Reductions: 1 (0)

Cancelled listings  0 (0)

Expired Listings: 0 (0)

Temporarily Off Market:  0 (0)

Price increase:  0(0)

Back on market:  0 (1)

Rented: 0 (0)

———————————–

0-$349,999:  1  (1)

$350,000-$499,999: 6 (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: $720,032 ($702,136)

Median Price:   $684,000 ($699,000)

Average Days on Market: 126 (123)

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

Lowest Priced Listing: $325,000 ($345,000)

The eastside inventory continues to decline and the number of sales are also slowing down.  However, the Highlands has been even quieter than most eastside areas. 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.   This week’s new listing in the Highlands falls in that price range. The large number of these homes for sale is affecting the sales numbers each month in Kirkland. 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.  North of NE 116th, a different MLS area, there are many more homes in the more affordable price ranges.

If you are willing to beat, not meet, the competition in the market place, then keep your home on the market.  If you’re not willing to be priced better than everyone else,  stay out of the market for now.  My words are similar to last week, but much stronger. This is not the time to mince words and only those who need to make a move and sell, and who are ahead of all the other homes in terms of pricing should consider being on the market.

Townhomes/condos

1 Active town home listed

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