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Jul. 30, 2013 - 2013 Home Prices in Kirkland and Redmond Washington

Kirkland Washington Home Prices tend to run higher than Redmond home prices once you pass a certain point. Mostly because as you get to Downtown Kirkland and any properties near Lake Washington, the prices run more in line with some of the areas of Bellevue we reviewed yesterday.

First the rudimentary grid map similar to the one we did in Bellevue in the previous post, but highlighting Kirkland and Redmond.

Kirkland 98033 runs from the Lake Washington through Downtown Kirkland up to 116th and then West to Redmond. Kirkland 98034 runs above that up to Simonds Road and Bothell-King County 98011. I am only doing Redmond 98052. Redmond 98053 prices off of Woodinville and Sammamish vs "close in" Redmond. Used to be you want further out to get a larger lot. Still using minimum of 5,000 sf lot and no townhomes for this post on 98033,98034 Kirkland and 98052 Redmond.

One of the main reasons I am calculating and parking these numbers is that I want to test the technically "growing" inventory news I have been reading round and about lately against truly "relevant" inventory. My perception is that in the price ranges where most people bought so far this year, inventory is still very tight. The growing inventory is merely and primarily the price ranges that are not selling as well, starting to stack up as unsold meets new inventory and the new inventory is just stacked on top of the unsold.

After I post all of the YTD sales for the areas I track, I will compare to Active Inventory and calculate Absorption rate by price for each area.

  

 

 (Required Disclosure: Stats in this post are not compiled, verified or published by The Northwest Multiple Listing Service.)

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ARDELL DellaLoggia of Sound Realty on Seattle Real Estate process and market including Kirkland, Bellevue, Redmond, Green Lake and most areas around the top of Lake Washington North of Downtown Seattle. Phone: 206-910-1000 - Mailto:ARDELLd@gmail.com

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