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Friday, November 8, 2024

How did home prices perform in Mercer Island during April 2020?

Re 9

The median sale price of a home sold in April 2020 in Mercer Island fell by $425,000 while total sales decreased by 25%, according to BlockShopper.com.

In April 2020, there were nine homes sold, with a median sale price of $1,310,000 - a 24.5% decrease over the $1,735,000 median sale price for the same period of the previous year. There were 12 homes sold in Mercer Island in April 2019.

The median sales tax in Mercer Island for the most recent year with available data, 2016, was $8,399, approximately 0.6% of the median home sale price for April 2020.

The following table compares Mercer Island 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)
Yarrow Point110%$8,007,375$2,978,000168.9%
Clyde Hill23-33.3%$3,374,000$3,250,0003.8%
Medina220%$2,562,500$2,200,00016.5%
Mercer Island912-25%$1,310,000$1,735,000-24.5%
Duvall (unincorporated)11757.1%$1,182,000$1,070,00010.5%
Kirkland1429-51.7%$1,059,000$996,0006.3%
Bellevue3077-61%$1,027,500$1,200,000-14.4%
Newcastle78-12.5%$1,000,000$716,25039.6%
Sammamish4467-34.3%$991,500$945,0004.9%
Snoqualmie819-57.9%$972,500$729,00033.4%
Fall City (unincorporated)37-57.1%$950,000$680,00039.7%

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