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Evergreen Reporter

Sunday, September 22, 2024

Falling home prices in Redmond in November 2020

Re 12

The median sale price of a home sold in November 2020 in Redmond fell by $40,000 while total sales remained unchanged with 16 homes sold, according to BlockShopper.com.

In November 2020, there were 16 homes sold, with a median sale price of $912,500 - a 4.2% decrease over the $952,500 median sale price for the same period of the previous year. There were 16 homes sold in Redmond in November 2019, as well.

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 November 2020.

The following table compares Redmond to other King County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Bellevue (unincorporated)62200%$1,040,000$779,00033.5%
Duvall (unincorporated)13785.7%$989,000$980,0000.9%
Issaquah13130%$945,000$781,00021%
Bothell (unincorporated)69-33.3%$942,500$660,00042.8%
Issaquah (unincorporated)911-18.2%$918,000$699,95031.2%
Redmond16160%$912,500$952,500-4.2%
Newcastle26-66.7%$899,417.29$750,00019.9%
Woodinville14-75%$840,000$760,00010.5%
Seattle254317-19.9%$830,000$760,7509.1%
Kenmore131118.2%$825,000$660,00025%
Snoqualmie440%$799,500$635,00025.9%

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