Debra Sinick

Posts Tagged ‘selling a home’

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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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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)

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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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