The shrinkage in Holmes Point listings is following a pattern that exists in much of the Pacific Northwest. Listings levels in Holmes Point reached their lowest level since May 2010.

Lawrence Yun , National Association of Realtor chief economist, said the market trend is up. “Despite occasional month-to-month setbacks, we’re experiencing a genuine recovery,” he said. “More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest. Rather, inventory shortages are limiting sales, notably in parts of the West.”

The median time on market of Holmes Point sold listings were 65 days in July, 117 days in August and 48 days in September. 4 of the 5 homes that sold in July were on the market less than 33 days, while the other sale was on the market for 8 months or longer.

The good news is that sellers in September received 97.7% of their list price compared to 95.5% in March. 

 

 

Related posts:

  1. Million Dollar home sale tops in Holmes Point (12.5)
  2. $1.75 Million Dollar home sale tops in Holmes Point in July (11.4)
  3. Holmes Point Real Estate Trends (11.2)
  4. Seattle- King County 2011 $5 million+ sales trail 2010 levels (10.5)
  5. Homes that sold in Holmes Point were snapped up quickly (10.2)

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

 

10 Comments on Listing shrinkage in Kirkland's Holmes Point community

OCT
31
1,223,627 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Hi Adrian,

We are definitely experiencing shortages of good quality homes for sale in the communities I work in. There are lots of buyers and they are out there wanting to make a purchase with these low interest rates!
10:07am • #1
703,960 Points 10 Featured Posts Outside Blog Called Shot Master

Hi Adrian,

Your market sounds like it is a sellers market and sales are strong. Buyers in many cases have waited way too long to pull the trigger. Good market on your part.
11:06am • #2
356,510 Points 27 Featured Posts Attended Rain Camp Called Shot Master

Hi Adrian, Holmes Point is such a desirable neighborhood. I'd imagine demand will continue as higher end purchasers are now getting off the fence. Love the detail of your reports, they're very revealing! Thanks...
11:40am • #3
987,609 Points 49 Featured Posts Outside Blog Called Shot Master

Adrian - That is phenomenal news that inventory is finally shrinking in your area.
5:50pm • #4
NOV
01
955,648 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Adrian, the housing inventory shortage is a similiar statement across the Country, and those listings priced well and show well go quickly.
7:54am • #5
626,142 Points 1 Featured Post Outside Blog

Hi Dorie-what a dilemma. I'm trying to figure out the impact going forward. 
8:23am • #6
626,142 Points 1 Featured Post Outside Blog

Hi Bob-most neighborhoods within in the city are experiencing the same-thing. 
8:25am • #7
626,142 Points 1 Featured Post Outside Blog

Hi Rene-Is the new typical marketplace, I imagine we'll experience a few peaks and valleys until inventory levels start to stabilize. 

 

Best
8:30am • #8
626,142 Points 1 Featured Post Outside Blog

Hi Michelle-yep, we're running out of good homes, surprisingly the sales are continuing.
8:31am • #9
626,142 Points 1 Featured Post Outside Blog

Joan-I'm seeing that a lot. Typically sales slow down in the northwest this time of year, but demand still remains relatively high. 
8:33am • #10


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Adrian Willanger-Coldwell Banker Greater Seattle, Wa.

Seattle, WA

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