May. 24, 2009 - Home Values by School District recent 6 months

King County Home Prices by School District.  In the graph below, I am sorting out the data from the end of the graph two posts below this one. Parameters are homes without view priced under a million dollars and the numbers are median price per square foot.

This graph shows a median upturn in May of 2009 for Lake Washington, Northshore and Renton school districts. I have another graph coming up that tells more of the story, but for those wondering, Federal Way recent downturn does appear to be about a lot of bank owned properties that went through a foreclosure.  Issaquah and Bellevue, not.  Virtually none, really.  The downtown there is more about screaming deals from builders or from people who have owned a long time and had a lot of equity in their homes. Remember, these are School Districts, so Issaquah is really a lot of Sammamish here in the May numbers. Parts of Bellevue as a City are in Lake Washington as a School District, so it is important to note that these are School District vs. City classifications.

I have a new graph showing where these numbers are from the peak of each area, that I find more interesting, so I will end this post here with the graph.

required disclosure Stats are not compiled, verified or posted by NWMLS