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Saturday, September 21, 2024

February 2021: Home prices in Lake Forest Park fell

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The median sale price of a home sold in February 2021 in Lake Forest Park fell by $130,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In February 2021, there were four homes sold, with a median sale price of $785,000 - a 14.2% decrease over the $915,000 median sale price for the same period of the previous year. There were six homes sold in Lake Forest Park in February 2020.

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 February 2021.

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

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Issaquah (unincorporated)61500%$922,500$440,000109.7%
Kirkland (unincorporated)14955.6%$895,500$671,50033.4%
Snoqualmie8633.3%$847,513.50$711,25019.2%
Seattle31218965.1%$829,500$740,00012.1%
Normandy Park5366.7%$800,000$450,00077.8%
Lake Forest Park46-33.3%$785,000$915,000-14.2%
Fall City (unincorporated)31200%$758,735.25$300,000152.9%
Vashon (unincorporated)8714.3%$757,500$500,00051.5%
Kenmore710-30%$740,000$697,5006.1%
Bothell (unincorporated)440%$732,500$650,00012.7%
Carnation12-50%$725,000$767,497.50-5.5%

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