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Evergreen Reporter

Friday, November 15, 2024

How did home prices perform in Lake Forest Park during May 2020?

Realestate1

The median sale price of a home sold in May 2020 in Lake Forest Park fell by $28,003 while total sales decreased by 27.3%, according to BlockShopper.com.

In May 2020, there were eight homes sold, with a median sale price of $676,998 - a 4% decrease over the $705,000 median sale price for the same period of the previous year. There were 11 homes sold in Lake Forest Park in May 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 May 2020.

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

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Duvall11110%$725,000$700,0003.6%
North Bend48-50%$724,000$707,7502.3%
Bothell (unincorporated)914-35.7%$715,000$650,00010%
Bothell814-42.9%$692,500$632,5009.5%
Bellevue (unincorporated)212-83.3%$691,250$764,000-9.5%
Lake Forest Park811-27.3%$676,997.50$705,000-4%
Vashon (unincorporated)1114-21.4%$630,000$580,0008.6%
Lea Hill (unincorporated)1111000%$615,000$560,0009.8%
Shoreline3955-29.1%$605,950$555,5009.1%
White Center (unincorporated)711-36.4%$600,000$441,75035.8%
Black Diamond57-28.6%$545,950$420,00030%

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