Newcastle home prices fall in the first half of 2018

Newcastle home prices fall in the first half of 2018
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The median sale price of a home sold in the first half of 2018 in Newcastle fell by $10,000 while total sales decreased by 62.9%, according to BlockShopper.com.

From January through June of 2018, there were 26 homes sold, with a median sale price of $837,500 – a 1.2% decrease over the $847,500 median sale price for the same period of the previous year. There were 70 homes sold in Newcastle in the first half of 2017.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.8% of the median home sale price for the first half of 2018.

The following table compares Newcastle 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)
Duvall (unincorporated) 44 101 -56.4% $1,015,000 $985,003 3%
Sammamish 207 405 -48.9% $980,000 $870,000 12.6%
Redmond 78 236 -66.9% $887,500 $836,000 6.2%
Issaquah 77 169 -54.4% $869,000 $830,000 4.7%
Fall City (unincorporated) 11 39 -71.8% $850,000 $708,500 20%
Newcastle 26 70 -62.9% $837,500 $847,500 -1.2%
Redmond (unincorporated) 69 194 -64.4% $820,000 $828,000 -1%
Issaquah (unincorporated) 36 63 -42.9% $812,500 $652,000 24.6%
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%


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