Kirkland Condos & Townhomes Selling 10% Over Listed Price.

The average condo and townhome in Kirkland is selling about 10% over list price.

Some are selling in even more extreme bidding war scenarios and I’ve highlighted 3 that I have shown and toured in the last 30 days.

12016 101st Ave NE #G2, Kirkland 98034-6734

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At this condo in Juanita, my Buyer and I stood outside in the rain and talked about the siding that day. You could literally put your finger in holes in the siding where it was rotting and without a doubt the condo would need future work/repairs.

It was listed for $300,000 and sold for $367,000. 

The next condo, located behind the Kirkland Post Office -used to be apartments. My sister rented here for years. The insulation is thin (read: you can clearly hear your neighbors) and the bi-fold closet doors used to fall off.  

224 9th St #G-304, Kirkland 98033

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This one was listed for $348,000 and sold for $400,000.  $52,000 over list!

Kirkwood condos, top floor end unit. This condo is located conveniently close to the Kirkland Cross Corridor trail. However, it was built in 1985 and has textured walls and popcorn ceilings and is in need of a master bathroom make-over.

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404 10th St #D-301, Kirkland 98033
That condo was listed for $325,000 and sold for $385,000.  60K over list!
These are extreme but they are not rare. The average sale price in the Kirkland area is 10% over list.

If you go further North to Bothell, Kenmore and North Kirkland the average list over sale price is 5%.

This is a lot more manageable for most 1st time home buyers.  I think if you can focus on this area you will:

  1. have a better opportunity to compete in a bidding war
  2. not have to bid as high
  3. experience greater growth in your equity over the next 3-5 years

 

My name is Georgia. Friends call me Peach. I live in Kirkland where I’ve been helping Buyers and Sellers 13 years. Call me to discuss your home value or how to write the most competitive offer possible in a competitive market like this! 206.948.0431

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Kirkland By The #s

50+ parks

6 Public Docks

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2 Weekly Farmers Markets (June- September)

–          Kirkland Wednesday Market

–          and Juanita Beach Park Farmers Market

75/100 on Walkscore   

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18 Distinct Neighborhoods

8 Roasty places to fuel your caffeine addiction

138 Homes Currently For Sale

67 Condos Currently For Sale

215 Single Family Homes SOLD in the last 6 months: $250,000-5.5Mil

187 Condominiums SOLD in the last six months: $63,000- 4.79 Mil

$26,928 Possibly the most expensive annual taxes I’ve seen in Kirkland*

* on a home Sold for 5.5 Mil in Houghton (10316 NE 60th St.)

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3 Homes that sold in the last 6 months, all for $640,000

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As pictured: East of Market, Holmes Point, North Rose Hill.

7.4% Increase in home prices compared to April 2013.