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Evergreen Reporter

Friday, November 8, 2024

Falling home prices in Redmond (unincorporated) in April 2020

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The median sale price of a home sold in April 2020 in Redmond (unincorporated) fell by $95,000 while total sales decreased by 42.9%, according to BlockShopper.com.

In April 2020, there were 12 homes sold, with a median sale price of $880,000 - a 9.7% decrease over the $975,000 median sale price for the same period of the previous year. There were 21 homes sold in Redmond (unincorporated) in April 2019.

The median sales tax in Redmond (unincorporated) for the most recent year with available data, 2016, was $7,301, approximately 0.8% of the median home sale price for April 2020.

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

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Fall City (unincorporated)37-57.1%$950,000$680,00039.7%
Redmond1823-21.7%$938,500$885,0006%
Lea Hill (unincorporated)27-71.4%$926,389$550,00068.4%
Woodinville (unincorporated)614-57.1%$917,750$722,50027%
Lake Forest Park8714.3%$891,250$638,00039.7%
Redmond (unincorporated)1221-42.9%$880,000$975,000-9.7%
Issaquah (unincorporated)912-25%$850,000$780,196.508.9%
Bellevue (unincorporated)34-25%$850,000$737,00015.3%
Seattle258465-44.5%$850,000$775,0009.7%
Bothell136116.7%$840,000$836,5000.4%
Black Diamond (unincorporated)10-$825,000$0-

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