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Evergreen Reporter

Friday, November 15, 2024

South Federal Way (unincorporated) home prices fall 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 South Federal Way (unincorporated) fell by $37,500 while total sales increased by 140%, according to BlockShopper.com.

From October through December of 2019, there were 12 homes sold, with a median sale price of $372,500 - a 9.1% decrease over the $410,000 median sale price for the same period of the previous year. There were five homes sold in South Federal Way (unincorporated) in the fourth quarter of 2018.

The median sales tax in South Federal Way (unincorporated) for the most recent year with available data, 2016, was $3,729, approximately 1% of the median home sale price for the fourth quarter of 2019.

The following table compares South Federal Way (unincorporated) 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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