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Friday, November 15, 2024

Newcastle home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Newcastle rose by $93,731 while total sales increased by 14.3%, according to BlockShopper.com.

From July through September of 2019, there were 16 homes sold, with a median sale price of $959,500 - a 10.8% increase over the $865,769 median sale price for the same period of the previous year. There were 14 homes sold in Newcastle in the third quarter of 2018.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.7% of the median home sale price for the third quarter of 2019.

The following table compares Newcastle to other King County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Kirkland6882-17.1%$1,097,500$990,00010.9%
Bellevue1721579.6%$1,090,000$1,150,000-5.2%
Issaquah4045-11.1%$1,024,500$844,00021.4%
Woodinville (unincorporated)3139-20.5%$987,900$779,50026.7%
Duvall (unincorporated)1530-50%$985,000$850,00015.9%
Newcastle161414.3%$959,500$865,768.7510.8%
Sammamish1171106.4%$935,000$948,475-1.4%
Redmond6279-21.5%$909,995$882,5003.1%
Redmond (unincorporated)51486.3%$899,999$870,0003.4%
Issaquah (unincorporated)1423-39.1%$870,500$900,000-3.3%
Lake Forest Park2231-29%$862,500$624,00038.2%

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