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Saturday, November 23, 2024

How did home prices perform in Lake Forest Park during September 2020?

Re 8

The median sale price of a home sold in September 2020 in Lake Forest Park fell by $607,500 while total sales increased by 100%, according to BlockShopper.com.

In September 2020, there were six homes sold, with a median sale price of $747,500 - a 44.8% decrease over the $1,355,000 median sale price for the same period of the previous year. There were three homes sold in Lake Forest Park in September 2019.

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 September 2020.

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

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Snoqualmie9728.6%$800,000$695,00015.1%
Kirkland (unincorporated)2610160%$795,500$705,00012.8%
Bothell145180%$792,500$670,00018.3%
Bellevue (unincorporated)31200%$775,000$680,00014%
Vashon (unincorporated)9812.5%$769,000$817,500-5.9%
Lake Forest Park63100%$747,500$1,355,000-44.8%
Woodinville5366.7%$741,000$850,000-12.8%
Bothell (unincorporated)94125%$731,000$648,50012.7%
North Bend23-33.3%$709,719$720,000-1.4%
Shoreline3715146.7%$706,000$725,000-2.6%
Renton262218.2%$672,500$470,00043.1%

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