Alan asked me to do a price histogram. I’m not sure if this qualifies as one, but it’s the best I could do for now. These are one bedroom condos in Bellevue Manor across from Microsoft on 148th since they were built in 1979. All identical square footage.
There are no one bedrooms for sale in The Manor or The Highlands, but one is in escrow in the highlands at $218,000 which is a substantial jump from the high of June of $176,000. We’re all waiting to see if it will close/appraise.
I’ll do some more as we go through 2008, but I won’t do medians. If most of the people are buying the cheapest thing they can get, that will turn the median sale price down. But it doesn’t mean any of those people paid less than the last one sold, as you can see from this price histogram.