In January I posted a survey of median prices of houses sold in the areas for the different Bellevue high schools. Now that some time has passed by, I thought it would be interesting to take a look at the prices again to see how they have changed. Of course, I cannot include the International School because it is by lottery. Data was obtained using this method and consists of the median house price sold.
By the way, you can see a map of the high school boundaries here.
|
High School |
January 2009 |
May 2009 |
Percentage Decrease |
| Interlake | $467,000 | $445,000 | 4.7% |
| Sammamish | $496,000 | $414,900 | 16.3% |
| Bellevue | $957,000 | $850,000 | 11.2% |
| Newport | $585,000 | $480,000 | 17.9% |
Clearly prices have fallen significantly in Bellevue, though I am not sure the percentages are entirely accurate as some sold properties may not be on the site. I plan to continue these charts in the future, but for that sake I thought it would be interesting to take a look at the median prices for active homes.
|
High School |
Median Active Home Price |
Number of Homes |
| Interlake | $625,000 | 52 |
| Sammamish | $550,000 | 176 |
| Bellevue | $1,299,999 | 338 |
| Newport | $815,000 | 96 |
These results do seem to indicate that lower priced homes are what is selling, while the market is oversaturated with higher priced homes. This makes sense from what I have been seeing. Most of my listings lately have been reasonably priced and have sold quickly. I know many other agents with higher end properties that have had trouble selling.
