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Sunday, September 22, 2024

Home prices increased in Lake Forest Park during the third quarter of 2021

Re 9

The median sale price of a home sold in the third quarter of 2021 in Lake Forest Park rose by $141,388 while total sales increased by 2.9%, according to BlockShopper.com.

From July through September of 2021, there were 35 homes sold, with a median sale price of $888,888 - a 18.9% increase over the $747,500 median sale price for the same period of the previous year. There were 34 homes sold in Lake Forest Park in the third quarter of 2020.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.6% of the median home sale price for the third quarter of 2021.

The following table compares Lake Forest Park to other King County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Snoqualmie (unincorporated)6520%$937,444$905,0503.6%
Black Diamond (unincorporated)52150%$920,000$1,099,999.50-16.4%
Vashon (unincorporated)393511.4%$900,000$825,0009.1%
North Bend2512108.3%$900,000$642,75040%
Seattle1,7191,39623.1%$900,000$840,349.507.1%
Lake Forest Park35342.9%$888,888$747,50018.9%
Lea Hill (unincorporated)191711.8%$870,000$672,00029.5%
Duvall27270%$826,000$655,00026.1%
Ravensdale (unincorporated)83166.7%$773,750$1,055,250-26.7%
Shoreline16413323.3%$750,000$675,00011.1%
Enumclaw (unincorporated)423040%$737,500$692,5006.5%

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