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Median Prices by Bellevue High Schools Update

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.

Comment balloon 0 commentsNelya Calev • May 19 2009 09:56AM
Median Prices by Bellevue High Schools Update
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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. … more