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Friday, November 15, 2024

Falling home prices in Vashon (unincorporated) in October 2020

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The median sale price of a home sold in October 2020 in Vashon (unincorporated) fell by $54,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In October 2020, there were eight homes sold, with a median sale price of $532,500 - a 9.2% decrease over the $586,500 median sale price for the same period of the previous year. There were 12 homes sold in Vashon (unincorporated) in October 2019.

The median sales tax in Vashon (unincorporated) for the most recent year with available data, 2016, was $4,897, approximately 0.9% of the median home sale price for October 2020.

The following table compares Vashon (unincorporated) to other King County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Renton383315.2%$567,750$515,00010.2%
Burien181612.5%$550,500$504,0009.2%
Carnation41300%$550,000$430,00027.9%
White Center (unincorporated)912-25%$550,000$398,25038.1%
Covington151225%$550,000$389,50041.2%
Vashon (unincorporated)812-33.3%$532,500$586,500-9.2%
Maple Valley302050%$521,000$511,5001.9%
Renton (unincorporated)9650%$518,001$546,000-5.1%
Tukwila550%$515,000$390,00032.1%
Kent (unincorporated)262218.2%$512,500$455,62512.5%
Seattle (unincorporated)2023-13%$500,000$425,00017.6%

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