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Friday, November 15, 2024

What happened to the median home price in Newcastle (unincorporated) during the second quarter of 2021?

Re 7

The median sale price of a home sold in the second quarter of 2021 in Newcastle (unincorporated) rose by $1,449,000 while total sales increased by 100%, according to BlockShopper.com.

From April through June of 2021, there were four homes sold, with a median sale price of $2,014,000 - a 256.5% increase over the $565,000 median sale price for the same period of the previous year. There were two homes sold in Newcastle (unincorporated) in the second quarter of 2020.

The median sales tax in Newcastle (unincorporated) for the most recent year with available data, 2016, was $5,151, approximately 0.3% of the median home sale price for the second quarter of 2021.

The following table compares Newcastle (unincorporated) to other King County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Medina712-41.7%$3,595,950$3,412,5005.4%
Clyde Hill115120%$3,100,000$2,798,00010.8%
Yarrow Point4333.3%$2,978,000$1,550,00092.1%
Beaux Arts Village20-$2,492,500$0-
Mercer Island644639.1%$2,137,500$1,630,50031.1%
Newcastle (unincorporated)42100%$2,014,000$565,000256.5%
Sammamish (unincorporated)42100%$1,922,500$1,037,50085.3%
Fenton (unincorporated)73133.3%$1,895,000$1,380,00037.3%
Bellevue27614393%$1,502,150$1,100,00036.6%
Duvall (unincorporated)39382.6%$1,475,000$1,107,50033.2%
Kirkland1447982.3%$1,450,000$1,136,50027.6%

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