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Sunday, November 17, 2024

Newcastle home prices fall in February 2020

Re 9

The median sale price of a home sold in February 2020 in Newcastle fell by $102,475 while total sales increased by 100%, according to BlockShopper.com.

In February 2020, there were four homes sold, with a median sale price of $812,500 - a 11.2% decrease over the $914,975 median sale price for the same period of the previous year. There were two homes sold in Newcastle in February 2019.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.9% of the median home sale price for February 2020.

The following table compares Newcastle to other King County cities with similar median sales prices in February 2020:

CityFeb. 2020 Home SalesFeb. 2019 Home Sales% change (Total Home Sales)Feb. 2020 Median Sales PriceFeb. 2019 Median Sales Price% change (Median Sales Price)
Redmond811-27.3%$962,500$770,00025%
Lake Forest Park6450%$915,000$659,25038.8%
Issaquah105100%$855,500$694,00023.3%
Sammamish1517-11.8%$850,000$935,000-9.1%
Redmond (unincorporated)17988.9%$831,000$850,000-2.2%
Newcastle42100%$812,500$914,975-11.2%
Woodinville7616.7%$800,000$719,00011.3%
Carnation220%$767,497.50$377,764.86103.2%
North Bend31200%$759,000$591,00028.4%
Shoreline231827.8%$745,000$622,50019.7%
Seattle189195-3.1%$740,000$730,0001.4%

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