Lake Forest Park home prices rise in the first half of 2018

Image
0Comments

The median sale price of a home sold in the first half of 2018 in Lake Forest Park rose by $89,000 while total sales decreased by 56.2%, according to BlockShopper.com.

From January through June of 2018, there were 32 homes sold, with a median sale price of $750,000 – a 13.5% increase over the $661,000 median sale price for the same period of the previous year. There were 73 homes sold in Lake Forest Park in the first half of 2017.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.7% of the median home sale price for the first half of 2018.

The following table compares Lake Forest Park to other King County cities with similar median sales prices in the first half of 2018:

City Jan. – June 2018 Home Sales Jan. – June 2017 Home Sales % change (Total Home Sales) Jan. – June 2018 Median Sales Price Jan. – June 2017 Median Sales Price % change (Median Sales Price)
Woodinville (unincorporated) 52 115 -54.8% $810,500 $735,000 10.3%
Seattle 1,412 3,244 -56.5% $800,000 $705,000 13.5%
Woodinville 30 74 -59.5% $777,500 $652,275.50 19.2%
Bellevue (unincorporated) 18 27 -33.3% $773,650 $720,000 7.5%
Normandy Park 27 49 -44.9% $750,000 $610,000 23%
Lake Forest Park 32 73 -56.2% $750,000 $661,000 13.5%
Kirkland (unincorporated) 82 177 -53.7% $738,750 $640,000 15.4%
Bothell 34 51 -33.3% $731,500 $650,000 12.5%
Kenmore 61 134 -54.5% $712,800 $628,000 13.5%
Bothell (unincorporated) 37 75 -50.7% $699,000 $630,000 11%
Snoqualmie 43 122 -64.8% $675,000 $635,000 6.3%


Related

Q2: Home prices in Lake Forest Park increased

The median sale price of a home sold in the second quarter of 2022 in Lake Forest Park rose by $357,500 while total sales decreased by 18.8 percent.

King County home prices rose in the first half of 2022

The median sale price of a home sold in the first half of 2022 in King County rose by $105,000 while total sales increased by 2.8%.

February 2022: Home prices in Lake Forest Park fell

The median sale price of a home sold in February 2022 in Lake Forest Park fell by $149,000 while total sales remained unchanged with four homes sold.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from South Snohomish News.