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Evergreen Reporter

Sunday, November 24, 2024

The first half of 2020: South Federal Way (unincorporated) experienced a 6.5% increase in median home prices

Realestate1

The median sale price of a home sold in the first half of 2020 in South Federal Way (unincorporated) rose by $25,100 while total sales increased by 73.3%, according to BlockShopper.com.

From January through June of 2020, there were 26 homes sold, with a median sale price of $412,500 - a 6.5% increase over the $387,400 median sale price for the same period of the previous year. There were 15 homes sold in South Federal Way (unincorporated) in the first half of 2019.

The median sales tax in South Federal Way (unincorporated) for the most recent year with available data, 2016, was $3,729, approximately 0.9% of the median home sale price for the first half of 2020.

The following table compares South Federal Way (unincorporated) to other King County cities with similar median sale prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Covington78118-33.9%$441,250$410,0007.6%
Federal Way214273-21.6%$432,750$400,0008.2%
Seatac4952-5.8%$430,000$403,7506.5%
Auburn (unincorporated)6065-7.7%$425,500$400,0006.4%
Auburn148207-28.5%$415,000$385,0007.8%
South Federal Way (unincorporated)261573.3%$412,500$387,4006.5%
Enumclaw524418.2%$400,000$364,0009.9%
Algona13944.4%$370,000$350,0005.7%
Pacific1321-38.1%$350,000$345,0001.4%
Skykomish (unincorporated)13-66.7%$321,500$205,00056.8%
Baring (unincorporated)12-50%$221,000$141,00056.7%

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