Lake Forest Park home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Lake Forest Park rose by $45,000 while total sales decreased by 57.1%, according to BlockShopper.com.

From April through June of 2018, there were 18 homes sold, with a median sale price of $750,000 – a 6.4% increase over the $705,000 median sale price for the same period of the previous year. There were 42 homes sold in Lake Forest Park in the second quarter of 2017.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.7% of the median home sale price for the second quarter of 2018.

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

City Apr. – June 2018 Home Sales Apr. – June 2017 Home Sales % change (Total Home Sales) Apr. – June 2018 Median Sales Price Apr. – June 2017 Median Sales Price % change (Median Sales Price)
Woodinville 19 49 -61.2% $820,000 $700,000 17.1%
Woodinville (unincorporated) 25 77 -67.5% $811,000 $810,000 0.1%
Fall City (unincorporated) 4 27 -85.2% $804,500 $725,000 11%
Newcastle 18 45 -60% $782,409 $860,000 -9%
Bellevue (unincorporated) 12 19 -36.8% $773,650 $735,000 5.3%
Lake Forest Park 18 42 -57.1% $750,000 $705,000 6.4%
Kirkland (unincorporated) 49 116 -57.8% $737,500 $675,000 9.3%
Snoqualmie 24 72 -66.7% $729,500 $654,250 11.5%
Kenmore 33 82 -59.8% $717,500 $657,875 9.1%
North Bend 4 21 -81% $717,500 $550,000 30.5%
Ravensdale (unincorporated) 3 15 -80% $715,000 $600,000 19.2%


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