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Friday, November 22, 2024

August 2021: Lake Forest Park experienced a 14.6% increase in median home prices

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The median sale price of a home sold in August 2021 in Lake Forest Park rose by $116,000 while total sales increased by 20%, according to BlockShopper.com.

In August 2021, there were 12 homes sold, with a median sale price of $908,500 - a 14.6% increase over the $792,500 median sale price for the same period of the previous year. There were 10 homes sold in Lake Forest Park in August 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 August 2021.

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

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Vashon (unincorporated)1115-26.7%$960,000$895,0007.3%
Kenmore2711145.5%$950,000$720,00031.9%
Snoqualmie (unincorporated)21100%$945,000$495,00090.9%
Kirkland (unincorporated)3239-17.9%$942,000$760,00023.9%
North Bend5366.7%$925,000$650,50042.2%
Lake Forest Park121020%$908,500$792,50014.6%
Seattle56145523.3%$885,000$875,0001.1%
Bellevue (unincorporated)770%$880,000$862,0002.1%
Enumclaw (unincorporated)161323.1%$810,000$700,00015.7%
Lea Hill (unincorporated)63100%$800,000$650,00023.1%
Duvall11110%$800,000$729,0009.7%

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