Lake Forest Park home prices fall in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Lake Forest Park fell by $62,500 while total sales decreased by 13.5%, according to BlockShopper.com.

From July through December of 2018, there were 45 homes sold, with a median sale price of $630,000 – a 9% decrease over the $692,500 median sale price for the same period of the previous year. There were 52 homes sold in Lake Forest Park in the second half of 2017.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.9% of the median home sale price for the second half of 2018.

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

City July – Dec. 2018 Home Sales July – Dec. 2017 Home Sales % change (Total Home Sales) July – Dec. 2018 Median Sales Price July – Dec. 2017 Median Sales Price % change (Median Sales Price)
Kirkland (unincorporated) 100 92 8.7% $711,750 $670,500 6.2%
Snoqualmie 61 42 45.2% $697,000 $740,500 -5.9%
Bothell (unincorporated) 37 35 5.7% $669,000 $605,000 10.6%
Kenmore 71 72 -1.4% $649,950 $657,250 -1.1%
Vashon (unincorporated) 44 52 -15.4% $637,500 $636,000 0.2%
Lake Forest Park 45 52 -13.5% $630,000 $692,500 -9%
North Bend 19 12 58.3% $625,000 $616,875 1.3%
Shoreline 174 151 15.2% $621,000 $580,000 7.1%
Lea Hill (unincorporated) 21 22 -4.5% $610,000 $496,000 23%
Duvall 36 23 56.5% $599,975 $510,000 17.6%
Black Diamond (unincorporated) 5 6 -16.7% $595,000 $679,975 -12.5%


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