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Thursday, November 14, 2024

Pacific home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Pacific rose by $23,725 while total sales decreased by 25%, according to BlockShopper.com.

From October through December of 2019, there were six homes sold, with a median sale price of $332,475 - a 7.7% increase over the $308,750 median sale price for the same period of the previous year. There were eight homes sold in Pacific in the fourth quarter of 2018.

The median sales tax in Pacific for the most recent year with available data, 2016, was $2,852, approximately 0.9% of the median home sale price for the fourth quarter of 2019.

The following table compares Pacific to other King County cities with similar median sales prices in the fourth quarter of 2019:

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Federal Way107143-25.2%$419,000$377,00011.1%
Covington2757-52.6%$413,500$380,0008.8%
White Center (unincorporated)1827-33.3%$398,250$423,000-5.9%
Seatac24234.3%$396,000$395,0000.3%
Auburn (unincorporated)3031-3.2%$391,916.50$365,0007.4%
Auburn81103-21.4%$383,000$380,0000.8%
South Federal Way (unincorporated)125140%$372,500$410,000-9.1%
Enumclaw23230%$365,000$357,5002.1%
Algona330%$349,950$280,87524.6%
Pacific68-25%$332,475$308,7507.7%
Skykomish (unincorporated)61500%$255,000$40,000537.5%

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