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Monday, November 25, 2024

Median home prices in Lake Forest Park rose to $726,000 in the second quarter of 2020

Realestate3

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The median sale price of a home sold in the second quarter of 2020 in Lake Forest Park rose by $33,500 while total sales decreased by 20%, according to BlockShopper.com.

From April through June of 2020, there were 24 homes sold, with a median sale price of $726,000 - a 4.8% increase over the $692,500 median sale price for the same period of the previous year. There were 30 homes sold in Lake Forest Park in the second quarter of 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 the second quarter of 2020.

The following table compares Lake Forest Park 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)
Kenmore3247-31.9%$782,500$700,00011.8%
Bothell302711.1%$775,000$692,50011.9%
Kirkland (unincorporated)6280-22.5%$774,750$735,0005.4%
Bellevue (unincorporated)721-66.7%$770,000$750,0002.7%
Snoqualmie3751-27.5%$740,000$685,0008%
Lake Forest Park2430-20%$726,000$692,5004.8%
Bothell (unincorporated)2934-14.7%$711,000$675,0005.3%
North Bend1013-23.1%$691,475$695,000-0.5%
Duvall332532%$685,000$650,0005.4%
Carnation57-28.6%$675,000$408,50065.2%
Vashon (unincorporated)2942-31%$650,000$574,20013.2%

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