May. 23, 2009 - Home Prices by School District in King County

This morning I started a study regarding median price per square foot by school district using Bellevue, Lake Washington, Issaquah, Northshore, Renton and Federal Way.

I removed water and mountain view considerations so view properties in the areas that have them didn't skew the data as to progression of prices, particularly as volume of sales diminished.

I cut off at a million dollars, assuming public schools and high priced homes might not have a correlation, given many would choose private schools in the upper tier of pricing.

I started in March of 2005 as I can't get data earlier than that by school district. The option to sort by school district drops off as sold property is moved to "the archives" during the month of Feb of 2005.

Other than the brief abnormality in April of 2005 in the Bellevue School District, there was a predictable pattern that went totally haywire in 2009.  It looks like a horse race with everyone keeping a certain pace until the end when all hell breaks loose and the #2 horse pulls way in front of the #1 horse, and Horse #3 gets pooped out LONG before horse #1 and horse #2.'

The obvious, you get a lot more house for your money here vs. there, is of assistance to people trying to choose home and school district simultaneously.  But I have to do a few more graphs to determine what is happening and why in the later stages of the graph.

Stay tuned - as this is a developing "story".

BE = Bellevue, LKW = Lake Washington, ISS = Issaquah, NTH = Northshore, REN = Renton and FED = Federal Way

 (required disclosure - these statistics are not compiled, verified or posted by NWMLS)