posted 02/06/10 12:44 PM | updated 02/06/10 12:44 PM
Featured Post! | Views: 719 | Comments : 12 | News

Home prices up overall, down a bit in the CD

A remodeled home for sale in the 700 block of 20th Avenue

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.

Tags: Home Prices
Schools and oh yes levies
Closing schools in a neighborhood is not only psychologically depressing but has been shown to lower real estate values. Typically the home values are depressed in the areas where schools are closed compared to other areas of the same city.

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
Comment by joanna
6 months ago
( +12 votes )
school levies
For the first time in my voting history, I too, am contemplating a "No" vote for similar reasons along with the "private school education" given to the APP students...sick of it all!
Comment by Gracie
6 months ago
( +4 votes )
RE: school levies
APP gets the same public school funding as any other program. The fancy public schools are the ones with deep pockets (think Queen Anne, Magnolia, Northeast Seattle, etc.).
Vote how you will, but vote based on facts and not rumors and prejudice. If you have facts to back up your "APP = private school" claim, I'd like to hear them.
Comment by how's that again?
6 months ago
( +5 votes )
Done with levies
I live in a small, 3 bedroom house in the CD, with a rotting deck and fence, a decades outdated kitchen, 22 year old appliances, an ancient furnace that's original to the house and I'm badly in need of a replacement to my 25 year old roof. Yet, my property taxes are more than $400 per month! Enough!!!!!! Many people don't realize how high their property taxes are because they're often rolled in to the mortgage payment. CD property taxes, especially as you near or cross Madison, are INSANE! I've had two kids first in private, then public schools in Seattle. In both I've had to pay through the nose for more than a decade for outside tutoring so that my kids could get decent math instruction, despite their attending the top of the choice list public schools. I speak as the wife of a teacher, and the daughter of a teacher when I say that throwing more money at schools is NOT always the answer. And, the taxes make me wish I'd sold during the boom and moved to what I thought when I was younger was hell: Issaquah. At least my kids wouldn't have gunshot classmates and my property taxes, and schools, would be better.
Comment by enough!
6 months ago
( +12 votes )
More stats from Redfin
Hi Scott,

Check out our Central District page for more stats on your 'hood: http://www.redfin.com/neighborhood/8322/WA/Seattle/Central-D

If there's ever any stats you need feel free to email me!
Comment by Matt Goyer - Redfin
6 months ago
( 0 votes )
school levy
While I can understand the frustration of not having money go completely to our neighborhood, please do NOT consider a no vote. Seattle Public Schools are in crisis and south end schools in particular. There are other ways to make your frustrations known. Contact the school board and Maria Goodloe-Johnson. Please don't take it out on our kids.
Comment by jdg
6 months ago
( +4 votes )
RE: school levy
Almost none of it will go to our local schools, especially the Capital Levy.
Comment by joanna
6 months ago
( 0 votes )
please don't vote no on the levy
I agree there is a lot not perfect with SPS, but voting no punishes the kids. Yes it would be easy to move to Issaquah (thought about it myself) but there is a hidden cost to that as well. I grew up on the eastside and it wasn't all peaches and cream there either. The only time anyone ever pointed a gun to my head was in Redmond, not Seattle. The bigger difference is they have less poverty. Their kids aren't better, smarter, or have less problems. Sheesh highest drug use/depression rate is at Mercer Island high school, what does that tell you?

I agree that taxes annoy, but then in the same breath people complain we don't have enough services, or don't have enough parks, or enough cops, etc. You can't have it both ways. Please vote YES on the levy. If you don't like Maria Goodloe-Johnson, and nobody does, then do something about HER. Those levy dollars are being used to shore up Meany for the VERY deserving NOVA/SBOC high school.

BTW I think SPS has every intention of reopening at the very least TT Minor. New name, new paint. You'll see. They're killing off the old brand.
Comment by chris
6 months ago
( +5 votes )
court findings of the week
Finding for the plaintiffs, a coalition of school districts (including SPS), King County judge John Erlick ruled that Washington state is not "providing ample funding for public schools." No big surprise here- schools are chronically underfunded. Localities rely on levies and bonds in attempts to bridge the gap.

In another case decided this week, King County Superior Court judge Julie Spector ruled that the Seattle School District was arbitrary and capricious in their adoption of the Discovery Math texts for high school. There was extensive public concern over adoption of these texts, tied to concerns re: elem and mid school math, lack of follow through on teacher and student support, missing supplemental materials... Still, SPS moved ahead.

This second case relates to the frequent mismanagement of precious resources. Closing buildings only to reopen them at great expense. Installing athletic fields only to have them torn out a few years later. Allowing cost overruns of 100%+ on construction projects, unilaterally amending teacher contracts in violation of legal procedure, cutting student support services while adding central admin...

To say that opposing the levies hurts children plays on emotions and deflects very real concerns about the ongoing lack of leadership at the district level.
Reversing this trend will require sustained oversight of the superintendent and school board, as well as citizen participation on district committees in all areas. A failure of the capitol levy (NOT operations levy) with the follow up direction to address the 500 million dollar maintenance... read more
Comment by Nora
6 months ago
( +10 votes )
RE: court findings of the week
After some thought and with conflicted feelings, I ended up voting against the capitol levy (and for the operations levy). One of my concerns is the way in which the capitol funds are being used and a lack of foresight in planning not only on maintenance issues, but also in creating buildings with the future in mind. I'm afraid that the current capitol levy would just continue the status quo rather than supporting innovative spaces that enhance learning.

I should probably get more involved, but it's easy to not make it a priority when I don't have kids in the system. Would parents appreciate a non-parent speaking up?
Comment by Jen B
6 months ago
( +5 votes )
Yes, non-parents, former student parents, etc. Anyone who contributes $1 should speak up!
Sorry you voted against both Jen B, but as an SPS parent who watches the district burn money, I totally understand. The community needs to stand firm and demand that resources go to those who need them most. Until the district does that, all the talk about "equity" rings hollow. They'll continue to throw money at struggling kids and schools from afar, but they won't get close enough to embrace and meaningfully support the communities that need the help.

It always stings to see people throwing rocks at individual programs too, like "APP's private school" myth. What's next, IB? Spectrum? AP? Montessori? ELL? NOVA? SBOC? Do we condemn Garfield and Franklin for having almost "college level" basketball programs? Those divisions and pseudo class warfare games play right into the district's hands. They are pros at playing groups and programs against another. Don't feed that monster. Defy the critics, support each other and stand together united as one community.
Comment by pj
6 months ago
( 0 votes )
RE: Yes, non-parents, former student parents, etc. Anyone who contributes $1 should speak up!
Hi, PJ

Just to clarify, I voted _for_ the operations levy. While I'm sure there is room for improvement in how the operations funding is spent, I was more concerned with the long term implications of the capitol levy. And I support public education, even if the state is not meeting their obligation.
Comment by Jen B
6 months ago
( 0 votes )
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