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Kirkland condos: what sold when in 2007.
As we enter 2008, let’s take a quick peek in the rear view mirror, specifically at Kirkland condos by two zip codes: 98033 (downtown Kirkland and mostly west of I-405) and 98034 (further north, like Juanita area and east of I-405, like Kingsgate area).
98033 Zip Code Kirkland Condo Sales
Sales in this more expensive and, thus more prestigious, of the two zip codes peaked in March and dropped off considerably after July. This is not abnormal but the arrival of the first bad news about the sub-prime mortgage surely played a role in the rate of the drop in sales.
98034 Zip Code Kirkland Condo Sales
In the 98034 zip code, sales show an unusual three 4-month cycle with the first peak in March (normal) and a second peak in Augusts — perhaps the “last hurrah” for the year. After September, the mortgage malaise, real or imagined, put sales in a steeper than usual decline.
More of the same for Kirkland Single Family Homes to follow.
Tags: 2007 Kirkand condo sales, 98033 condo sales, 98034 condo sales, Juanita, Kingsgate, Kirkland condos
