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Monday, November 25, 2024

Pacific home prices rise in the first quarter of 2020

Realestate1

The median sale price of a home sold in the first quarter of 2020 in Pacific rose by $196,025 while total sales decreased by 70%, according to BlockShopper.com.

From January through March of 2020, there were three homes sold, with a median sale price of $503,450 - a 63.8% increase over the $307,425 median sale price for the same period of the previous year. There were 10 homes sold in Pacific in the first quarter of 2019.

The median sales tax in Pacific for the most recent year with available data, 2016, was $2,852, approximately 0.6% of the median home sale price for the first quarter of 2020.

The following table compares Pacific to other King County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Carnation5425%$599,995$550,0009.1%
Enumclaw (unincorporated)1215-20%$578,125$570,0001.4%
Vashon (unincorporated)201181.8%$540,000$610,000-11.5%
Snoqualmie (unincorporated)25-60%$538,500$435,00023.8%
East Renton Highlands (unincorporated)6062-3.2%$526,000$487,5007.9%
Pacific310-70%$503,450$307,42563.8%
Maple Valley52504%$497,000$449,97510.5%
Renton (unincorporated)15966.7%$490,000$439,00011.6%
Seatac20195.3%$477,500$390,00022.4%
Renton5576-27.6%$475,000$480,000-1%
Seattle (unincorporated)352920.7%$459,000$418,0009.8%

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