This is odd.
16240 SE 8th St., Bellevue, 98008
4 br / 2 ba, 1670 sq. ft.
Bought in July 2006 for $425K.
Sold in July 2008 for $326K
That's a 23% drop. The last price sets a new abnormal low for the area. What's more odd is that the house was listed for $335K in April or so, after dropping off the market in March or so at a $450K price. I heard there was heaving bidding right away that reached to at least $375K. But the record shows that the house sold for less than it listed for. It took 3 months for the sale price to show up in the public records.
Edit to add: I guess it didn't really sell after all, looking at the KC records:
http://www5.kingcounty.gov/kcgisreports ... 4036801215