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Monday, November 25, 2024

Falling home prices in Newcastle (unincorporated) in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Newcastle (unincorporated) fell by $35,000 while total sales decreased by 75%, according to BlockShopper.com.

From April through June of 2020, there were two homes sold, with a median sale price of $565,000 - a 5.8% decrease over the $600,000 median sale price for the same period of the previous year. There were eight homes sold in Newcastle (unincorporated) in the second quarter of 2019.

The median sales tax in Newcastle (unincorporated) for the most recent year with available data, 2016, was $5,151, approximately 0.9% of the median home sale price for the second quarter of 2020.

The following table compares Newcastle (unincorporated) to other King County cities with similar median sale prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Carnation57-28.6%$675,000$408,50065.2%
Vashon (unincorporated)2942-31%$650,000$574,20013.2%
Shoreline103121-14.9%$625,000$590,0005.9%
Snoqualmie (unincorporated)34-25%$610,000$699,473.50-12.8%
Lea Hill (unincorporated)171241.7%$610,000$580,0005.2%
Newcastle (unincorporated)28-75%$565,000$600,000-5.8%
Renton (unincorporated)1227-55.6%$555,975$464,00019.8%
East Renton Highlands (unincorporated)115158-27.2%$535,000$511,0004.7%
Renton88135-34.8%$530,000$485,0009.3%
Burien4882-41.5%$529,005$499,5005.9%
Maple Valley100118-15.3%$525,000$460,95013.9%

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