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Health & Fitness

Kirkland Real Estate Sales Down in November

Kirkland real estate sales were lower in November, according to statistics published by the Northwest Multiple Listing Service.  Pending sales (contracted, not yet closed) of single family homes were down almost 27% from October and were almost 3% lower than the levels in November 2012.

While inventory levels remain low at 2.2 months, single home prices have continued to rise.  The average sale price for homes that sold in November was $614,000, a slight increase over the October average and almost 15% above the average sales price one year ago.

Condo sales were down too--almost 8% from October, but were higher by almost 12% from November 2012.  The average sales price for condos that closed in November was up to $317,000, 5% higher than a year ago.

Demand for condos has been higher in 2013 which is reflected in the low inventory level of 1.7 months in November.

With fewer homes on the market and the distractions of the holiday season, December sales will most likely be lower.  However, the strong demand for homes means we are likely to see continuing strength in the Kirkland real estate market in 2014.  A great way to start the new year!


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