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East King News

Sunday, November 17, 2024

Home prices increased in Newcastle during April 2020

Realestate4

The median sale price of a home sold in April 2020 in Newcastle rose by $283,750 while total sales decreased by 12.5%, according to BlockShopper.com.

In April 2020, there were seven homes sold, with a median sale price of $1,000,000 - a 39.6% increase over the $716,250 median sale price for the same period of the previous year. There were eight homes sold in Newcastle in April 2019.

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 April 2020.

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

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Medina220%$2,562,500$2,200,00016.5%
Mercer Island912-25%$1,310,000$1,735,000-24.5%
Duvall (unincorporated)11757.1%$1,182,000$1,070,00010.5%
Kirkland1429-51.7%$1,059,000$996,0006.3%
Bellevue3077-61%$1,027,500$1,200,000-14.4%
Newcastle78-12.5%$1,000,000$716,25039.6%
Sammamish4467-34.3%$991,500$945,0004.9%
Snoqualmie819-57.9%$972,500$729,00033.4%
Fall City (unincorporated)37-57.1%$950,000$680,00039.7%
Redmond1823-21.7%$938,500$885,0006%
Lea Hill (unincorporated)27-71.4%$926,389$550,00068.4%

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