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Evergreen Reporter

Friday, November 15, 2024

May 2020: Home prices in Newcastle increased

Re 9

The median sale price of a home sold in May 2020 in Newcastle rose by $318,900 while total sales decreased by 38.5%, according to BlockShopper.com.

In May 2020, there were eight homes sold, with a median sale price of $1,223,900 - a 35.2% increase over the $905,000 median sale price for the same period of the previous year. There were 13 homes sold in Newcastle in May 2019.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.6% of the median home sale price for May 2020.

The following table compares Newcastle 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)
Clyde Hill12-50%$3,295,000$2,925,00412.6%
Mercer Island829-72.4%$1,677,500$1,425,00017.7%
Yarrow Point21100%$1,265,407$1,950,000-35.1%
Kirkland2847-40.4%$1,265,000$950,00033.2%
Fenton (unincorporated)12-50%$1,260,000$1,182,5006.6%
Newcastle813-38.5%$1,223,900$905,00035.2%
Duvall (unincorporated)1016-37.5%$1,180,000$997,00018.4%
Fall City (unincorporated)26-66.7%$1,072,450$755,00042%
Normandy Park58-37.5%$1,052,500$749,25040.5%
Bellevue50114-56.1%$1,040,000$1,159,000-10.3%
Redmond2326-11.5%$940,000$893,0005.3%

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