Lake Forest Park home prices fall in January 2018

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The median sale price of a home sold in January 2018 in Lake Forest Park fell by $199,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2018, there were two homes sold, with a median sale price of $462,000 – a 30.1% decrease over the $661,000 median sale price for the same period of the previous year. There were three homes sold in Lake Forest Park in January 2017.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 1.2% of the median home sale price for January 2018.

The following table compares Lake Forest Park to other King County cities with similar median sales prices in January 2018:

City Jan. 2018 Home Sales Jan. 2017 Home Sales % change (Total Home Sales) Jan. 2018 Median Sales Price Jan. 2017 Median Sales Price % change (Median Sales Price)
North Bend (unincorporated) 7 7 0% $528,000 $630,000 -16.2%
Renton 17 42 -59.5% $480,000 $373,700 28.4%
Renton (unincorporated) 2 17 -88.2% $478,750 $359,000 33.4%
Kent (unincorporated) 16 38 -57.9% $475,390 $372,845 27.5%
South Federal Way (unincorporated) 3 7 -57.1% $465,000 $327,500 42%
Lake Forest Park 2 3 -33.3% $462,000 $661,000 -30.1%
North Bend 3 2 50% $455,000 $560,000 -18.8%
Burien 12 32 -62.5% $452,500 $363,500 24.5%
Enumclaw (unincorporated) 5 6 -16.7% $450,000 $501,000 -10.2%
Black Diamond 5 2 150% $450,000 $279,250 61.1%
Lea Hill (unincorporated) 4 9 -55.6% $430,000 $660,000 -34.8%


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