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Apr. 29, 2015 - 2015 YTD Home Prices Bellevue near Microsoft 98007 & 98008

This morning I posted the home price graphs for 98052 and 98033. When you are looking for homes in close proximity to Microsoft Main Campus you often look at parts of 98052 and then shift to 98033 for good reasons not associated with being really, really close to work. Often parts of 98033 are more desirable than parts of 98052 for that reason. Singling out all of Bellevue 98007 and 98008 as I have done will make perfect sense to those who work at Microsoft main campus and also to those looking for Lake Sammamish vs Lake Washington water views. I combined the two zip codes as 98007 does not have enough Single Family Home vs Condo sales to warrant its own graph.

This area is completely different than what I posted this morning. You have one or two Elementary Schools in the 98033 and 98052 data I posted this morning that aren't in the preferred ranking of 8 to 10. BUT when you get to 98007 and 98008 you only have a couple of schools that ARE an 8 to 10 ranking and most that are not.

This creates an odd conundrum when doing the graphs, because many home buyers do an overlay of the Elementary School being ranked at 8 or higher. 

So for these Zip Codes I need to show two graphs. One for all homes and a second for all homes in the boundaries of the Elementary Schools ranked at 8 or higher.


If I did not show this in both ways, people would be looking for something that doesn't exist. They would be looking for all of the future 104 homes near Microsoft in these Bellevue Zip codes, not knowing that if they also say "but only homes with an Elementary School ranked 8 or better" they would be eliminating all but about 30 of them and eliminating all of the ones but for ONLY 7 that are priced at $550,000 or less.

So to save people from going out on a wild goose chase and wasting their precious time in this limited inventory market waiting for something that doesn't exist...I am showing the data in both ways below.

The Graph - All Elementary Schools

The Graph - Elementary Schools Ranked 8 or better

(Required Disclosure: Stats in the Post are hand compiled in real time by Ardell DellaLoggia and not previously compiled or published by The Northwest Multiple Listing Service.)

Also note that "school rankings" are as noted at GreatSchools.org and not being hailed by me as being completely valid or the only consideration for choosing a school or a house. I am simply noting what most buyers do with that information and how that impacts home prices.)

 

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Dec. 2, 2015 - Title

Posted by Jossie Brown

If I had to choose, I'd rather take a house that I like more and a school, which might be not so close, but is better.  If you read http://www.dumblittleman.com/2015/08/job-hunt-starting-strong-cover-letter.html you will see what I mean.

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Apr. 17, 2016 - RE: 2015 YTD Home Prices Bellevue near Microsoft 98007 & 98008

Posted by The Ridges Real Estate

Very very nice post.I like it so much.Thanks a lot for sharing this with us.

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ARDELL DellaLoggia of Sound Realty on Seattle Real Estate process and market including Kirkland, Bellevue, Redmond, Green Lake and most areas around the top of Lake Washington North of Downtown Seattle. Phone: 206-910-1000 - Mailto:ARDELLd@gmail.com

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