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Evergreen Reporter

Monday, November 25, 2024

Rising home prices in Redmond in the second quarter of 2020

Realestate077

The median sale price of a home sold in the second quarter of 2020 in Redmond rose by $34,000 while total sales decreased by 7.2%, according to BlockShopper.com.

From April through June of 2020, there were 64 homes sold, with a median sale price of $920,000 - a 3.8% increase over the $886,000 median sale price for the same period of the previous year. There were 69 homes sold in Redmond in the second quarter of 2019.

The median sales tax in Redmond for the most recent year with available data, 2016, was $5,413, approximately 0.6% of the median home sale price for the second quarter of 2020.

The following table compares Redmond 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)
Sammamish (unincorporated)23-33.3%$1,037,500$1,017,0002%
Newcastle2540-37.5%$1,000,000$870,00014.9%
Woodinville (unincorporated)2843-34.9%$974,250$785,00024.1%
Sammamish159206-22.8%$960,000$935,0002.7%
Issaquah4068-41.2%$935,000$875,0006.9%
Redmond6469-7.2%$920,000$886,0003.8%
Redmond (unincorporated)6275-17.3%$897,500$975,000-7.9%
Seattle1,0701,378-22.4%$820,000$775,0005.8%
Normandy Park19190%$805,000$750,0007.3%
Issaquah (unincorporated)3435-2.9%$805,000$770,0004.5%
Woodinville2239-43.6%$795,000$715,00011.2%

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