Introducing: The Friday Kirkland Highlands Real Estate Buzz

Everyone wants to know the latest real estate happenings in the neighborhood. Here is the answer. If you follow the numbers listed here each week, it will be easier to understand the market trends specific to The Highlands. There are overall trends in real estate, but not all neighborhoods perform in exactly the same way at the same time. Here is your chance to see only the Highlands activity on a weekly basis.

If you look at the articles every Friday you will find:

total number of homes for sale
Number of homes available in each price range
Most expensive home for sale
Least expensive home for sale
if inventory is up or down from the previous week
Number of homes receiving offers that week (pending or sold subject to inspection, STI)
Number of closed sales

Average days on the market
Number of price reductions
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The Highlands weekly real estate buzz for the week of August 10-17th ( 8:30 AM)

Active: 20 homes

0-$499,999: none

$500,000 - $749,999: 10

$750,000 - $999,999: 6

$1,000,000 - $1,499,999: 3

$1,500,000 and above: 1

Least expensive home: $500,000

Most expensive home: $1,895,000

Pending sales: 1- $889,000

Closed sales: 0



Average days on the market: 67

Price reductions this week: 2
one reduction of $2,000 and one of $10,000


My general impressions: For sale signs have sprouted all over the Highlands and market time has increased dramatically since the first quarter. O the 20 homes listed, 11 have had price reductions since being listed, including the above 2 homes. Two homes have been on the market for a few months with no price reduction, 1 home is a new listing. The Highlands "bread and butter" price range is between $500-$1,000,000, but competition amongst homes in this price range is much stiffer than during the first quarter.