Medina home prices fall in April 2018

Medina home prices fall in April 2018
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The median sale price of a home sold in April 2018 in Medina fell by $1,531,000 while total sales decreased by 66.7%, according to BlockShopper.com.

In April 2018, there were two homes sold, with a median sale price of $1,724,000 – a 47% decrease over the $3,255,000 median sale price for the same period of the previous year. There were six homes sold in Medina in April 2017.

The median sales tax in Medina for the most recent year with available data, 2016, was $15,135, approximately 0.9% of the median home sale price for April 2018.

The following table compares Medina to other King County cities with similar median sales prices in April 2018:

City Apr. 2018 Home Sales Apr. 2017 Home Sales % change (Total Home Sales) Apr. 2018 Median Sales Price Apr. 2017 Median Sales Price % change (Median Sales Price)
Clyde Hill 7 5 40% $2,800,000 $2,540,000 10.2%
Beaux Arts Village 1 0 $2,235,000 $0
Medina 2 6 -66.7% $1,724,000 $3,255,000 -47%
Mercer Island 20 22 -9.1% $1,392,550 $1,419,500 -1.9%
Bellevue 50 98 -49% $1,274,000 $1,082,500 17.7%
Kirkland 24 33 -27.3% $1,204,500 $882,000 36.6%
Duvall (unincorporated) 1 13 -92.3% $1,195,000 $1,086,300 10%
Sammamish 33 77 -57.1% $992,000 $890,000 11.5%
Issaquah (unincorporated) 2 16 -87.5% $963,325 $642,700 49.9%
Woodinville (unincorporated) 8 25 -68% $934,975 $730,000 28.1%
Issaquah 18 25 -28% $872,500 $860,000 1.5%


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