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Saturday, November 23, 2024

October 2020: Home prices in Lake Forest Park fell

Re 10

The median sale price of a home sold in October 2020 in Lake Forest Park fell by $62,000 while total sales increased by 50%, according to BlockShopper.com.

In October 2020, there were nine homes sold, with a median sale price of $650,000 - a 8.7% decrease over the $712,000 median sale price for the same period of the previous year. There were six homes sold in Lake Forest Park in October 2019.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.8% of the median home sale price for October 2020.

The following table compares Lake Forest Park to other King County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Duvall71600%$800,000$650,00023.1%
Kenmore14140%$780,000$644,50021%
Bothell (unincorporated)113266.7%$763,000$585,00030.4%
North Bend34-25%$742,500$693,7507%
Newcastle (unincorporated)13-66.7%$720,000$592,02521.6%
Lake Forest Park9650%$650,000$712,000-8.7%
Shoreline352825%$615,000$523,62517.5%
East Renton Highlands (unincorporated)493158.1%$582,000$450,00029.3%
North Bend (unincorporated)9650%$575,000$605,000-5%
Renton383315.2%$567,750$515,00010.2%
Burien181612.5%$550,500$504,0009.2%

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