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Evergreen Reporter

Friday, November 22, 2024

Lake Forest Park median home prices fell by 21.1% in July 2020

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The median sale price of a home sold in July 2020 in Lake Forest Park fell by $188,750 while total sales increased by 80%, according to BlockShopper.com.

In July 2020, there were 18 homes sold, with a median sale price of $706,250 - a 21.1% decrease over the $895,000 median sale price for the same period of the previous year. There were 10 homes sold in Lake Forest Park in July 2019.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.8% of the median home sale price for July 2020.

The following table compares Lake Forest Park to other King County cities with similar median sale prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Bothell113266.7%$769,000$760,0001.2%
Snoqualmie189100%$760,000$689,00010.3%
Kenmore916-43.8%$730,000$637,50014.5%
Enumclaw (unincorporated)7616.7%$725,000$612,12518.4%
Bothell (unincorporated)770%$720,000$729,950-1.4%
Lake Forest Park181080%$706,250$895,000-21.1%
Shoreline433619.4%$675,000$647,5004.2%
North Bend73133.3%$635,000$615,0003.3%
North Bend (unincorporated)161060%$596,000$436,00036.7%
Fall City (unincorporated)41300%$595,000$789,000-24.6%
Duvall10825%$581,550$647,000-10.1%

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