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Evergreen Reporter

Monday, November 25, 2024

The second quarter of 2020: Home prices in Newcastle increased

Re 1

The median sale price of a home sold in the second quarter of 2020 in Newcastle rose by $130,000 while total sales decreased by 37.5%, according to BlockShopper.com.

From April through June of 2020, there were 25 homes sold, with a median sale price of $1,000,000 - a 14.9% increase over the $870,000 median sale price for the same period of the previous year. There were 40 homes sold in Newcastle in the second quarter of 2019.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.7% of the median home sale price for the second quarter of 2020.

The following table compares Newcastle 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)
Duvall (unincorporated)383411.8%$1,107,500$999,97510.8%
Bellevue143240-40.4%$1,100,000$1,200,000-8.3%
Fall City (unincorporated)720-65%$1,099,900$757,47545.2%
Black Diamond (unincorporated)20-$1,096,232.50$0-
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%

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