There are 5 new listings this week, but four are new construction.   With nothing in The Kirkland Highlands for sale for less than $350,000, between $750-999,999, and over $1.5 million, if your home falls into these price ranges,  it would be a great time to sell your home.  Not sure of your home’s value?  Feel free to contact me to find out what your home is worth.

A month ago there were 12 homes for sale in the Highlands and now the number has jumped to 19.  There were no price reductions and no homes came off the market, all good news for the neighborhood.  If homes are not coming off the market because they did not sell and prices are not being reduced, then more sellers are pricing their homes at what the market will bear right now.

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.

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 (13)

New listings: 5 (2)

Pending inspection: 0 (2)

Pending: 1 (1)

Pending Inspection 0 (1)

Number of Price Reductions: 0  (1)

Price increase: 0 (1)

Homes off the market that did not sell: 0 (1)

———————————–

0-$349,999: 0 (3)

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

$500,000-$749,999:  10 (5)

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

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

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

________________________________

Closed Sales:

$305,000:  Final sales price $299,900: Last asking price $1,500,0000: Original asking price.  Sold in 902 days for 80% below the original sales price.  This property was mostly lot value, so it is not indicative of any big price drops for home values in the Highlands.

KIRKLAND HIGHLANDS TOWN HOMES:

1 town home for sale

1 sold

$234,900:  final sale price $234,900:  Last asking price $234,900: Original asking price.  Sold in 11 days for full price.

***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.

Where have all the sellers gone in the Kirkland Highlands?   We continue to have fewer homes on the market than we usually do this time of year.

Of the homes for sale, we’re now seeing a wide variety of pricing.  Homes are for sale all the way up to the low $1 million dollar range.

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.

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: 13 (12)

New listings: 2 (1)

Pending inspection: 2 (2)

Pending: 1 (2)

Closed Sales: 0 (1)

Number of Price Reductions: 1  (0)

Price increase: 1 (0)

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

———————————–

0-$349,999: 3 (1)

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

$500,000-$749,999:  5 (4)

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

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

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

________________________________

Closed Sales:

None during the last two weeks.

KIRKLAND HIGHLANDS TOWN HOMES:

1 town home 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.

There are less homes for sale in the Kirkland Highlands than we had two weeks ago. There are only 12 homes  for sale.  The Kirkland Highlands is mirroring the rest of King County.  The number of homes for sale in King County has been fluctuating and has only increased by about 500 homes since the first of the year.

In my last post on real estate in the Highlands, I mentioned all of the homes for sale were below $750,000.  Of course, the next day as I drove out of the Highlands, I passed a home that had come back on the market at $1,175,000.  It had been 0n the market previously at a higher price.

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.

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: 12 (16)

New listings: 1 (3)

Pending inspection: 2 (1)

Pending: 2 (2)

Closed Sales: 1 (1)

Number of Price Reductions: 0  (2)

Price increase: 0 (0)

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

———————————–

0-$349,999: 1 (3)

$350,000-$499,999: 6 (9)

$500,000-$749,999:  4 (4)

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

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

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

________________________________

Closed Sales:

$352,500  final sales price,  $358,000 last asking price, $409,000 original asking price, sold in 121 days for % below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

1 town homes for sale

1 is now pending

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

2-28-11  10,521

***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.

There haven’t been a lot of homes for sale in the Kirkland Highlands since the beginning of this year. The trend continues as only 16 homes are now for sale.  All of the homes are priced below $750,000, which is also unusual.

The one recent closed sale was for $1,040,000,  the first million+ sale in a while.  Ironically, in my last post on weekly stats, I mentioned a home had sold for $163,000,at the opposite end of the pricing spectrum.  This sale was by far the lowest sale in the neighborhood, possibly within the last decade!  It was unusual as it was a bank owned property that was almost gutted.  There aren’t many homes in comparable shape in the Highlands, so I suspect this will be the lowest priced home sale will see possibly for the next decade.

Most of the homes that have recently received offers were sold within a short amount of time.  Buyers are starting to get off the fence and will buy those homes that are looking good and great values. These are the homes that sell quickly.  The other homes just sit on the market and go through several price reductions before selling.

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.

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: 16 (14)

New listings: 3 (0)

Pending inspection: 1 (1)

Pending: 2 (0)

Closed Sales: 1 (3)

Number of Price Reductions: 2  (2)

Price increase: 0 (0)

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

———————————–

0-$349,999: 3 (4)

$350,000-$499,999: 9 (7)

$500,000-$749,999:  4 (3)

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

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

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

________________________________

Closed Sales:

$1,040,000  final sales price,  $1,150,000 last asking price, $1,950,000 original asking price, sold in 342 days for 47% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

1 is now pending

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

2-14-11  10,530

If you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***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.

Hardly anyone seems to be moving in the Kirkland Highlands.  Is everyone staying put?  There are only 14 homes on the market this week.  Usually by the end of January more, rather than less, homes are for sale.  Two weeks ago there were 16 homes for sale, which is already on the low side and now there are two less homes for sale.  None of the homes for sale are priced above $750,000 right now!

Hmm… seems like a good time to think about selling your home if you plan to make a move in the next few months.

The real estate market will still be a challenge.  That’s not going to change anytime soon,  but the home sellers who’ve positioned their homes to be the best value in the marketplace will sell their homes.  Feel free to contact me if you have questions about how to position your home so you can get the best price.

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.

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: 14 (16)

New listings: 0 (4)

Pending inspection: 1 (2)

Pending: 0 (3)

Closed Sales: 3 (3)

Number of Price Reductions: 2  (1)

Price increase: 0 (0)

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

———————————–

0-$349,999: 4 (4)

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

$500,000-$749,999:  3 (5)

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

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

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

________________________________

Closed Sales:

$163,000  final sales price,  $171,460 last asking price, $280,000 original asking price, sold in 112 days for 42% below the original asking price.  This home was unique because it was in need of a complete rehab.

$580,000  final sales price,  $610,000 last asking price, $873,550 original asking price, sold in 1125 days for 34% below the original asking price. (bank owned property.)

$875,000  final sales price,  $895,000 last asking price, $895,000 original asking price, sold in 42 days for 2.5% below the original asking price.

KIRKLAND HIGHLANDS TOWN HOMES:

2 town homes for sale

1 sold

$259,000  final sales price,  $299,000 last asking price, $359,000 original asking price, sold in 318 days for 28% below the original asking price.

Peak in the number of King County homes and condos for sale in 2009:

7-27-09  13,861

Start of 2010:

9,726

Peak in 2010:

7-26 14,639

Start of 2011:

1-3-11  10,008

1-31-11  10,435

If you plan to sell your home in 2011, don’t wait until July because that’s when you’ll have the most competition.

***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 any questions about the real estate market or pricing on for your home.