Kirkland Reporter, May 08, 2015

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Happy Mother’s Day K I R K L A N D

.com

REP EPORTER EPO ORTER ORTER

NEWSLINE: 425.822.9166

REDEVELOPMENT | Last Kirkland mobile home park to disappear in 2016 [3]

FRIDAY, MAY 8, 2015

A DIVISION OF SOUND PUBLISHING

Kidney disease | Local woman brings Flying Orca | Teens with Friends of Youth get a awareness to major health issue [2] ride from Kenmore Air [15]

Low inventory driving home prices higher in Kirkland Agents: a quarter of single-family homes purchased with cash BY TJ MARTINELL tmartinell@kirklandreporter.com

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rise in the number of people looking to buy homes and a historically low inventory has led to an all-out bidding war in Kirkland. In March, a fourth of single-family homes sold in Kirkland (21.6 percent) were purchased with cash,

according to real estate company Redfin. At the same time, Redfin reported that the number of homes on the market in the greater Seattle metro area are at record lows. The lopsided situation is now heavily slanted in favor of home sellers, while decreasing purchasing power is pushing out many potential home

buyers into other communities, according to Kirkland-based Redfin broker KC Brants, who said this trend has been going on since the middle of 2013. “What we are seeing is a fierce competitive market,” she said. This competition has led to a 11.7 percent jump in single family

home prices in Kirkland from last year, according to Redfin, with the median price at $620,000. There was also a 33.8 percent jump in single family home sales, with 95 homes sold in March. In the same time frame, inventory of single family homes dropped 20.6 percent. In February, Redfin also reportedly found that the city’s luxury market outpaced the rest of the [ more HOMES page 6 ]

This home on Northeast Juanita Drive in Kirkland is a rare sight with a for sale sign out front. The number of homes on the market in King County area are at record lows, according to Redfin. TJ MARTINELL, Kirkland Reporter

LW Schools Foundation celebrates 10 years, sets bigger goals 105 trustees and $120,000 in seed money. Principals, teachers The Lake Washingand a handful of students ton Schools Foundafrom the Lake Washtion (LWSF) celebrated ington School District its 10th anniversary by (LWSD) who setting even spoke during loftier goals the luncheon for funding touted the educational benefits of programs grant fundwithin the ing in their school disschools and trict in the educational next decade. experience. At the For this “Legacy for current acaLearning” demic year, luncheon the foundaon April 29 tion awarded DR. TRACEY PIERCE at the Juanita $229,000 to High FieldLWSD which, house, LWSF among other things, representatives cited the funded 3-D printers and foundation’s achieveassisted low-income ments — nearly $2 middle and high school million invested in the students with scholarschool district since it ships to pay for supplies, was originally formed by [ more LWSF page 13 ] BY TJ MARTINELL

tmartinell@kirklandreporter.com

LWSD teachers walk out over lack of funding Juanita High School teachers Toby Welch and Kim Roberts hold up signs at the intersection of Northeast 132nd Street and 100th Avenue Northeast near Juanita Elementary during a walkout on Wednesday to protest the state legislature not complying with the State Supreme Court’s decision concerning funding for K-12 education. TJ MARTINELL, Kirkland Reporter

Kirkland Highlands Freddy Delgadillo, Principal – Broker 425.941.8688 • JudahRealty.com Keller Williams GSWA MC1 LLC

505 106th Ave NE, Suite 210 • Bellevue

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Caliber Home Loans, Inc., NMLS 15622

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Casey Oiness, Mortgage Banker NMLS#265169 425.250.4421 11255 Kirkland Way, Suite 100 • Kirkland www.CaseyOiness.com

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