Our news partners at the Seattle Times had an interesting story on home prices yesterday, with data that showed the first year over year rise in sales prices since the peak of the market back in February 2008:
Home prices in the city of Seattle rose in January for the first time in nearly two years while they continued to fall in the rest of King County, according to one closely watched measure.
The median price of a house that sold in Seattle last month was $415,000, up from $400,000 in January 2009, the Northwest Multiple Listing Service said Thursday.
The last time Seattle — or any other area in King County — saw a year-over-year increase was in February 2008.
But the story isn't so rosy in our part of the city. The Times shared the raw data with us, and it shows that the area roughly bounded by I-5, the lake, 520, and I-90 is down 0.87%, with the median sales price of a single family home falling to $482,250 from $486,500 a year ago.
That area includes some pricey neighborhoods that aren't part of the CD, such as Madison Park, and fancy pants Capitol Hill. A quick search on RedFin.com shows that the core of the Central District has 95 properties listed at a median list price of $390,000 and a median sale price of $380,000.
Demographics did not justify the closures and now the District is using strictly demographics information of some areas to reopen schools that were recently closed. The closing of a school is expensive physically. Add the cost of disruption to communities and students rushing these decisions is poor practice.
I hate to be a Grinch and have always worked to support levies in the past.
I notice the the campaign for School Levies has purchased advertising on CD News. The voters here should really give some thought to if they should support it, especially the capital levy, given that our property taxes will indeed increase to reopen 4 schools in the north end. Demographics demonstrate the need for a couple of them, but others are questionable. The District did not publish maps showing specifically how the numbers and areas line up. This more than a renewal, it is a substantial increase of at least 30% to 50% and a since the last BTA (capital levy portion)and also an increase in the Operation portion. I tend to be more favorably disposed toward the Operations portion, but there are others who justifiably question the types of use of some those funds for the questionable development the STEM program at Cleveland and high stakes testing. How are they spending our money? How careful are they being about even curriculum choices?
I have been... read more thering the information and hope to publish a few more facts in a story. But , please think carefully before voting, "yes." Consider a "no" vote. How often do we as voters have an opportunity to send strong message to the School District?
The pro-levy group has an organization and a good budget. Therefore, defeating the Levy/Levies may prove difficult. Remember the increases in our property taxes have less to do with the increase in the values of our homes than it does with the taxes that we all vote to increase each year.