Oct. 13, 2009 - Lake Washington School District Home Prices

Prices will likely continue to fall in the Lake Washington School District, given the 1st Quarter 2009 pricing did not decrease as it did in most of King County. In a previous post I noted that Bellevue School District medain home price per square foot dropped 31% from peak to current "bottom".  Lake Washington School District is running the King County Average of 22% from peak to bottom, with 3rd quarter 2009 running higher than 2nd quarter 2005.

The potential is for the median price to drop below $200 a square foot and at minimum a few dollars less than $211. 

The surprising number here is 4th Quarter 2007. Amazing that many found so many bargains at that time. For most of King County, prices did not dip in that fashion while the news was still getting out about the lending woes and subprime crisis.

The volume pattern does not follow the norm either, and I suspect that Lake Washington likely lost some momentum to Northshore School District. Will know better when I compile the Northshore stats.

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Oct. 28, 2009 - RE: Lake Washington School District Home Prices

Great post, Really!