Current home prices same as prices in Q3 2006?

[EastSider]

Based on my memory, it seems like a lot of the Eastside homes are selling at prices that were beign sold during the 3rd quarter of 2006. Anyone else notice the same?

(This kinda makes sense -- MLS stats indicates that prices last month were about 4.5% lesser compared to a year before)

[crucifiction]

The agrees with you, the latest data showed that Jan 08 sales were back to Aug 06 levels. I would guess that CS in March, when its available, will show a similar relationship back to 06 prices.

[Ubersalad]

not in Bellevue, it's holding. and those Kirkland houses 5 blocks away from the lake still being price at 1.5 million.

[Lake Hills Renter]

Don't know what part of Bellevue you are referring to, but from what I've seen Lake Hills is off about 10% from peak (summer 2007) for houses that are actually selling. I'm seeing most houses just fall off the market.

[deejayoh]

same as 3rd quarter 2006? Well, if you say so...

[Ubersalad]

West Bellevue, perception is a trap.