Traditional real estate sales in Kirkland- Finn Hill outperformed short sales and foreclosures in home values plus two other categories. Traditional sales in Finn Hill were much better received by home Buyers in comparison to short sales and foreclosures.
Here are three examples as to how traditional sales outperformed in Finn Hill;
1. Sales Price Values = 29% more
2. Days on Market = 31 days less
3. $/SQFT (Price per SQFT) = 11% more
Finn Hill is a community that offers lots of options to future homeowners wanting to relocate to this area. Here are jsut a few that are known to this community;
a) Great schools & parks (Northshore School & Lake Washington School District)
b) Easy access to major roads and higways
c) Quiet streets and friendly neighbors
As I hold open houses in Finn Hill on the weekends, i get asked by Buyers and Sellers what the real estate market is doing in the area and if home prices have stabilized. I normally hand out reports showing various market trends, but after much discussion, I decided to post the information for everyone to see and be more knoweledgeable of whats really happeing in Finn Hill.
Having this information is vital to how a future home Buyer is going to approach a home when making an offer and how a homeowner is going to react to a purchase and sale on their home. Many homeowners think that short sales and foreclosures, also known as "distressed properties" make up mush of the real estate sames in Finn Hill, but in data shows otherwise, as they only contribute 32% of all real estate sales for 2011 in Finn Hill.
Finn Hill Real Estate Market Sales Report 2011- Original Price vs. Sold Price
Finn Hill Real Estate Market Sales Report 2011- Days on Market
Traditional sales made up 68% of all real estate sales in Finn Hill 2011. Single family homes were on the market less days than "distressed property" by an average of 31 days.
Finn Hill Real Estate Market Sales Report 2011- $/SQFT
When you compare $/SQFT, the numbers are more favorable... as traditional sales retain $28.60 ($/SQFT) more than short sales and $10.22 ($/SQFT) more than foreclosures.
In summary, if you're wanting and are able to sell, you don't need to sell as a short sale based on the numbers shown in this report. Hire a real estate Broker that has the knowledge and skill set to assist you in your request.
Here are two homes that I sold in Finn Hill last year (2011) that were non-distressed. Both retained an offer within 10 days of being listed and closed shortly there after. Buyers are sick and tiered of waiting for short sales to get approved and some don't want to bother with foreclosures as they're in really bad shape.
Finn Hill Home - SOLD
Finn Hill Home - SOLD